The LIHTC funded projects in zip code 94536 offer a diverse range of unit types. There are 15 efficiencies, 144 one-bedroom units, 126 two-bedroom units, 78 three-bedroom units, and 2 four-bedroom units. This distribution indicates a focus on accommodating various household sizes, with a particular emphasis on smaller households.

Over the past decade, zip code 94536 has experienced demographic shifts. The population grew from 68,322 in 2013 to 70,107 in 2022, indicating a modest increase in residents. Median income rose from $105,478 in 2013 to $136,289 in 2022, suggesting an overall increase in affluence.

Racial demographics in zip code 94536 have also changed. The Asian population increased from 38% in 2013 to 50% in 2022, while the white population decreased from 33% to 25%. The Hispanic population decreased from 20% to 14%. These shifts may influence the ongoing need for affordable housing in the area.

Despite the rising median income, the lack of new LIHTC projects since 2012 does not necessarily indicate a reduced need for affordable housing. The increasing cost of living in the Bay Area may still create challenges for low-income residents, even as overall incomes rise.

Zip code 94536 in Fremont has an established LIHTC funded affordable housing inventory, developed primarily between 1997 and 2012. These projects provide a valuable resource for low-income residents, covering a relatively small percentage of the total estimated housing stock. The area has experienced significant demographic changes over the past decade, including population growth, rising median incomes, and shifts in racial composition. These factors, combined with the broader economic context of the Bay Area, suggest that the need for affordable housing may continue to evolve in this zip code.