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Affordable Housing Analysis in Zip Code 94134: Two Decades of LIHTC Investment
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 94134 in San Francisco, California, contains a notable inventory of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. This area encompasses 360 total units in LIHTC-funded projects, with 292 designated as low-income units. Based on the 2022 population of 40,806 and an estimated 15,634 housing units, LIHTC-funded affordable housing represents approximately 2.3% of the zip code's estimated housing inventory.
The LIHTC projects in zip code 94134 have received $5,875,827 in project tax credits, averaging about $16,322 per unit. This zip code holds 0.19% of the total state LIHTC funding, indicating a modest but significant portion of California's affordable housing investment.
Affordable housing has been present in zip code 94134 for nearly two decades. The initial LIHTC projects, Britton Courts and Heritage Homes, were completed in 2000. The most recent project, Sunnydale Parcel Q, was completed in 2019. The 2000s experienced the highest affordable housing activity, with three out of four projects completed during this decade.
The LIHTC-funded housing in zip code 94134 offers a diverse range of unit types. There are 3 efficiencies, 70 one-bedroom units, 128 two-bedroom units, 130 three-bedroom units, and 29 four-bedroom units. This distribution suggests a focus on accommodating families of various sizes.
Over the past decade, the population of zip code 94134 has remained relatively stable, with slight fluctuations. The median income has shown an overall upward trend, rising from $73,643 in 2013 to $91,451 in 2022. This increase in median income may indicate a growing need for affordable housing options to maintain economic diversity in the area.
The racial composition of zip code 94134 has remained fairly consistent, with a slight increase in the Asian population (from 55% to 59%) and a small decrease in the Hispanic population (from 24% to 19%) between 2013 and 2022. The stability in demographic composition suggests that the LIHTC projects have been supporting a consistent community need.
Zip code 94134 in San Francisco has a modest but important LIHTC-funded affordable housing presence, covering about 2.3% of the estimated housing inventory. The area has seen consistent investment in affordable housing over two decades, with projects catering to various household sizes. While the median income has increased, the stable population and racial composition indicate an ongoing need for affordable housing options in this community.
