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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 93720 in Fresno, California has a population of 47,577 as of 2022 and covers an area of 9.53 square miles. This zip code has a total of 76 LIHTC-funded affordable housing units, with 75 of these designated as low-income units. Based on the estimated housing inventory of 18,229 units, the LIHTC-funded affordable housing covers approximately 0.42% of the zip code's housing stock.
The LIHTC projects in this zip code have received $1,710,992 in tax credits for affordable housing development. This translates to an average federal funding of $22,513 per unit. Notably, this zip code accounts for 0.06% of the total LIHTC funding allocated to the state of California.
The affordable housing presence in this zip code spans over two decades, with the first project, Maplewood, completed in 1995, and the most recent project, Millbrook Apartments, finished in 2018. The 2010s saw the most recent affordable housing development activity in this area.
The LIHTC-funded projects in this zip code offer a diverse range of unit types. There are 25 one-bedroom units, 25 two-bedroom units, and 25 three-bedroom units, providing options for various household sizes and needs.
Over the past decade, the population in this zip code has remained relatively stable, with a slight increase from 46,284 in 2013 to 47,577 in 2022. The median income has seen significant growth, rising from $88,967 in 2013 to $94,749 in 2022, with a peak of $109,669 in 2021.
Racial demographics have shown some shifts. The white population decreased from 57% in 2013 to 48% in 2022, while the Asian population increased from 12% to 15%. The Hispanic population grew slightly from 24% to 28% during this period. The black population remained relatively stable at around 3%.
The completion of the Millbrook Apartments in 2018 aligns with a period of population growth and increasing diversity in the zip code, suggesting a response to changing community needs.
Zip code 93720 in Fresno has a modest LIHTC-funded affordable housing inventory, representing a small fraction of its total housing stock. The area has seen two major LIHTC projects over the past three decades, with the most recent completed in 2018. Despite the relatively high median income, the presence of these affordable housing units indicates efforts to maintain economic diversity in the area. The changing racial demographics and steady population growth suggest an evolving community that may require continued attention to affordable housing needs in the future.