Loading Content...
Affordable Housing Analysis in Zip Code 93611: Three Decades of LIHTC Projects in Clovis, California
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 93611 in Clovis, California, contains 79 units in Low-Income Housing Tax Credit (LIHTC) funded affordable housing projects, with 67 units designated as low-income. The estimated housing inventory for this zip code is 17,227 units, based on the 2022 population of 44,962 and the national average household size of 2.61. LIHTC funded affordable housing comprises 0.46% of the estimated housing inventory in this zip code.
The LIHTC projects in zip code 93611 have received $213,482 in tax credits, averaging $2,702 per unit. This zip code holds 0.01% of the total state LIHTC funding. Affordable housing has been present in this zip code for over three decades, with the first project, Sierra Ridge, completed in 1990, and the most recent, Coventry Place Apartments, in 2004.
The 1990s saw the most affordable housing development in this zip code, with two projects completed during that decade. The LIHTC funded projects in this area provide a mix of unit types, including 4 one-bedroom units, 12 two-bedroom units, 1 three-bedroom unit, and 4 four-bedroom units.
Over the past decade, the population in zip code 93611 has shown slight fluctuations, with a general upward trend from 43,248 in 2013 to 44,962 in 2022. The median income has increased significantly, rising from $85,301 in 2013 to $101,424 in 2022. This substantial income growth may indicate a decreasing need for additional affordable housing in recent years.
The racial composition of zip code 93611 has evolved. The white population has decreased from 61% in 2013 to 50% in 2022, while the Hispanic population has increased from 24% to 29% during the same period. The Asian population has remained relatively stable at around 11-12%. These demographic shifts may influence future affordable housing needs and planning in the area.
Zip code 93611 in Clovis, California, has a modest LIHTC funded affordable housing inventory, covering less than 1% of the estimated housing stock. The area saw most of its affordable housing development in the 1990s and early 2000s. While the population has grown slightly over the past decade, the significant increase in median income suggests that the economic landscape of the area may be changing. The evolving racial demographics of the zip code may also impact future affordable housing needs and strategies.
