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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The zip code 95076, located in Interlaken, California, contains a significant inventory of affordable housing funded by the Low-Income Housing Tax Credit (LIHTC) program. This area has 935 total units in LIHTC-funded projects, with 817 designated as low-income units. Based on the 2022 population of 86,145 and an estimated 33,006 housing units, the LIHTC-funded affordable housing comprises approximately 2.83% of the zip code's estimated housing inventory.
LIHTC projects in this zip code have received $10,613,314 in tax credits, averaging about $11,350 per unit. This zip code holds 0.35% of California's total LIHTC funding, indicating a notable concentration of affordable housing investment in this area.
Affordable housing has been a priority in this zip code since 1988, when Evergreen Apts was completed. The most recent project, Pippin Orchards Apartments, was finished in 2018, demonstrating a 30-year span of affordable housing development. The 2000s saw the most activity, with projects such as Stone Creek Apts, Northgate Apts, and Vista Montana Apts being completed during this decade.
The LIHTC-funded projects in this zip code offer a range of unit types, including 24 efficiencies, 87 one-bedroom, 200 two-bedroom, 303 three-bedroom, and 71 four-bedroom units. This variety caters to different household sizes and needs within the community. One notable project, San Andreas Farm Labor Camp, completed in 2001, targets the special needs population, addressing specific housing requirements for farm workers in the area.
Over the past decade, the zip code has experienced population fluctuations, with a peak of 89,912 residents in 2019 and a decline to 86,145 by 2022. Median income has shown an upward trend, rising from $65,680 in 2013 to $78,799 in 2022, with a peak of $88,759 in 2021. The racial composition of the area has remained relatively stable, with a predominant Hispanic population (around 73% in 2022) and a white population of about 23%. The consistency in demographic makeup suggests an ongoing need for affordable housing options to support the diverse community.
The 95076 zip code demonstrates a substantial commitment to affordable housing through its LIHTC-funded projects. With 935 total units, including 817 low-income units, spread across various projects built over three decades, the area has consistently invested in affordable housing options. The diverse unit types and targeted projects like the San Andreas Farm Labor Camp reflect efforts to meet varied housing needs. While the LIHTC-funded units represent a small percentage of the estimated housing inventory, they play a crucial role in providing affordable options in an area with a growing median income and a stable, diverse population.