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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The zip code 93446, located in El Paso de Robles (Paso Robles), California, contains a significant inventory of affordable housing funded by the Low-Income Housing Tax Credit (LIHTC) program. This area has 640 total units in LIHTC funded projects, with 526 designated as low-income units. Based on an estimated 17,050 housing units in the zip code, LIHTC funded affordable housing comprises approximately 3.8% of the total housing inventory.
The LIHTC program has made substantial investments in this zip code, with project tax credits totaling $21,606,477. This equates to an average federal funding of about $33,760 per unit. Notably, this zip code accounts for 0.7% of the total LIHTC funding allocated to California, indicating a significant commitment to affordable housing in this area.
Affordable housing has been a consistent priority in zip code 93446, with projects spanning nearly two decades. The initial LIHTC project, Villa Paseo Senior Residences, was completed in 2001, while the most recent, Oak Park 4 Apartments, was finished in 2020. The 2010s experienced the most significant development activity, with five projects completed during this decade.
The LIHTC funded housing stock in zip code 93446 offers a diverse range of unit types. The inventory includes 7 efficiencies, 68 one-bedroom units, 191 two-bedroom units, 166 three-bedroom units, and 14 four-bedroom units. This variety addresses different household sizes and needs within the low-income population.
Over the past decade, the population in zip code 93446 has grown steadily from 41,207 in 2010 to 44,501 in 2022, an 8% increase. This population growth aligns with the continued development of affordable housing projects during this period. The median income has also risen significantly, from $70,285 in 2013 to $79,467 in 2022, a 13% increase. Despite this overall income growth, the consistent development of LIHTC projects suggests an ongoing need for affordable housing options.
Racial demographics in zip code 93446 have remained relatively stable, with the white population consistently representing about 61-64% of residents. The Hispanic population has shown a slight decrease from 34% in 2015 to 29% in 2022. The Asian population has seen a small increase from 1% to 3% over the decade. These demographic shifts, while modest, may have influenced the continued focus on affordable housing development in the area.
Zip code 93446 demonstrates a sustained commitment to affordable housing through the LIHTC program. With nine projects completed over nearly two decades, providing 640 total units, this area has consistently worked to meet the housing needs of its low-income residents. The diverse unit types and steady development pattern reflect an effort to accommodate various household sizes and adapt to changing demographics. While the LIHTC funded units represent a small portion of the total estimated housing inventory, they play a crucial role in providing affordable options in an area that has seen both population growth and rising median incomes over the past decade.