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Affordable Housing Analysis in Zip Code 94110: Mission District's LIHTC Inventory
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 94110 in San Francisco, California, contains a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. This area, which includes the Mission District, has 885 units in LIHTC funded projects, with 871 designated as low-income units. LIHTC funded affordable housing comprises approximately 3.35% of the zip code's estimated 26,423 housing units.
The LIHTC projects in zip code 94110 have received $15,823,390 in tax credits, averaging about $17,880 per unit. This zip code holds 0.51% of California's total LIHTC funding, indicating substantial investment in affordable housing for this area.
Affordable housing has been present in this zip code since 1991, when the earliest LIHTC projects, Coleridge Park Homes and Mission Capp Apts, were completed. The most recent projects, 1296 Shotwell Senior Housing and Alemany, were completed in 2019, spanning nearly three decades of affordable housing development.
The 1990s saw the most affordable housing activity, with six projects completed during this decade. Notable projects from this period include Del Carlo Court (1993), Market Heights Apts (1996), and Juan Pifarre Plaza (1998).
The LIHTC funded projects in zip code 94110 offer a range of unit types. Of the 885 total units, there are 69 efficiencies, 126 one-bedroom units, 317 two-bedroom units, 165 three-bedroom units, and 21 four-bedroom units. This variety accommodates different household sizes and needs within the low-income population.
Over the past decade, zip code 94110 has experienced demographic shifts. The population peaked in 2018 at 74,749 but declined to 68,964 in 2022. Despite this population decrease, the median income has shown an overall upward trend, reaching $134,843 in 2022 from $109,219 in 2013.
The racial composition of zip code 94110 has remained relatively stable, with slight changes. The white population decreased from 44% in 2013 to 41% in 2022, while the Asian population increased from 13% to 15%. The Hispanic population decreased from 35% to 32% during this period.
The completion of two LIHTC projects in 2019 aligns with the period of peak population and rising median incomes, suggesting a continued need for affordable housing even as the area's overall economic profile improved.
Zip code 94110 demonstrates a commitment to affordable housing through its LIHTC funded projects. With 885 total units, of which 871 are low-income, these projects represent a significant portion of the area's housing stock. The long-term presence of LIHTC projects, from 1991 to 2019, indicates an ongoing effort to maintain and expand affordable housing options in this San Francisco neighborhood. Despite recent population decreases, the continued investment in affordable housing, as evidenced by the 2019 projects, suggests a persistent need for such housing options in this area with rising median incomes.
