Loading Content...
Affordable Housing Analysis in Zip Code 93444: Nipomo's LIHTC Developments
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 93444, located in Nipomo, California, contains 207 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units, with 206 designated as low-income units. As of 2022, this represents approximately 2.65% of the zip code's estimated 7,817 housing units, based on a population of 20,402. The LIHTC projects in this zip code have received $2,485,080 in tax credits, averaging $12,005 per unit, which accounts for 0.08% of the total LIHTC funding allocated to California.
Affordable housing development in this zip code occurred over a six-year period, with the first project, San Luis Bay Apts, completed in 2003, and the most recent, Roosevelt Family Apts, finished in 2009. The 2000s saw the most development activity, with three projects completed during this decade: San Luis Bay Apts (2003), Cider Village Family Apts (2007), and Roosevelt Family Apts (2009).
The affordable housing inventory in zip code 93444 consists of various unit types, including 50 two-bedroom units, 32 three-bedroom units, and 40 four-bedroom units. This distribution indicates a focus on accommodating families of different sizes within the LIHTC developments.
The population in zip code 93444 has grown from 18,432 in 2015 to 20,402 in 2022, indicating steady growth. Concurrently, the median income has increased from $83,334 in 2015 to $93,675 in 2022, suggesting overall economic growth in the area. Racial demographics have shifted notably, with the Hispanic population increasing from 36% in 2015 to 47% in 2022, while the white population decreased from 57% to 47% during the same period. These demographic changes may indicate evolving housing needs in the community.
Despite population growth and demographic shifts, no new LIHTC projects have been recorded in zip code 93444 in the last decade. This could be attributed to various factors, including changes in local housing policies, availability of funding, or shifts in development priorities.
Zip code 93444 in Nipomo, California, has a modest LIHTC-funded affordable housing inventory, covering about 2.65% of the estimated housing stock. The area experienced significant affordable housing development in the 2000s, with three projects completed between 2003 and 2009. The housing units are diverse, accommodating different family sizes. While the population and median income have grown over the past decade, and racial demographics have shifted, there has been no new LIHTC development recorded recently. This analysis provides insight into the affordable housing landscape of zip code 93444, although it is important to note that other affordable housing programs may also contribute to the area's overall affordable housing inventory.
