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Affordable Housing Analysis in Zip Code 95446: LIHTC Investment in Guerneville
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 95446, encompassing Guerneville in Sonoma County, California, contains 48 LIHTC-funded affordable housing units, with 47 designated as low-income. This represents approximately 2.5% of the estimated 1,895 housing units in the area. The LIHTC program has invested $1,663,652 in tax credits for affordable housing projects in this zip code, averaging $34,659 per unit. This investment accounts for 0.05% of California's total LIHTC funding.
Fife Creek Commons, completed in 2012, is a notable affordable housing development in the area. It offers a variety of unit types, including 16 one-bedroom, 2 two-bedroom, and 12 three-bedroom units, addressing the needs of diverse low-income household sizes.
The zip code's population has shown an overall increase from 4,259 in 2013 to 4,947 in 2022. Median income has grown substantially from $44,329 in 2013 to $74,361 in 2022, suggesting improved economic conditions for some residents.
The racial composition of zip code 95446 has remained relatively stable over the past decade. The white population has decreased slightly from 86% in 2013 to 77% in 2022, while the Hispanic population has increased modestly from 11% to 15% during the same period. These demographic changes may influence future affordable housing needs and planning in the area.
Zip code 95446 demonstrates a commitment to affordable housing through its LIHTC-funded project, Fife Creek Commons. The current affordable housing stock, while covering a small percentage of the estimated housing inventory, provides essential support for low-income residents. The area's increasing median income and subtle demographic shifts indicate a dynamic community that may require ongoing evaluation of affordable housing needs. The LIHTC program's investment in this zip code plays a crucial role in maintaining housing accessibility amid these changes.
