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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 95448, encompassing Healdsburg in California, contains a diverse affordable housing inventory funded through the Low-Income Housing Tax Credit (LIHTC) program. This area has a total of 263 units in LIHTC-funded projects, with 141 designated as low-income units. Based on the 2022 population of 16,439 and an estimated 6,298 housing units, the LIHTC-funded affordable housing represents approximately 4.17% of the zip code's estimated housing inventory.
The LIHTC projects in zip code 95448 have received $3,656,221 in tax credits, averaging about $13,902 per unit. This funding represents 0.12% of California's total LIHTC allocation, indicating a modest but significant investment in affordable housing for this area.
Affordable housing has been present in zip code 95448 for nearly three decades. The first LIHTC project, Fitch Mountain Terrace II, was completed in 1990, while the most recent addition, Healdsburg Glen Apartments, was finished in 2018. The 1990s saw the most activity, with four projects completed during this decade, including Riverfield Homes (1995), Oak Grove Apts, and Park Land Senior Apts (both in 1999).
The LIHTC-funded housing stock in zip code 95448 offers a range of unit types. Out of the 263 total units, there are 6 efficiencies, 50 one-bedroom units, 38 two-bedroom units, 97 three-bedroom units, and 25 four-bedroom units. This distribution suggests a focus on accommodating families of various sizes, with an emphasis on larger households given the high number of three-bedroom units.
Over the past decade, zip code 95448 has experienced demographic shifts. The population peaked in 2017 at 18,011 but has since declined to 16,439 in 2022. Despite this population decrease, the median income has shown an overall upward trend, rising from $78,243 in 2013 to $96,678 in 2022, with some fluctuations in between.
Racial distribution in zip code 95448 has remained relatively stable, with the white population consistently representing the majority (69% in 2022). The Hispanic population, the second-largest group, has seen a decrease from 32% in 2017 to 25% in 2022. The Asian population has grown from 1% to 2% over the same period.
The completion of the Healdsburg Glen Apartments in 2018 aligns with the period of peak population and rising median incomes, suggesting a response to increased housing demand and potentially changing demographics.
Zip code 95448 has a modest but significant LIHTC-funded affordable housing inventory, representing about 4.17% of the estimated housing stock. The area has seen consistent investment in affordable housing over nearly three decades, with projects catering to various household sizes. While the population has slightly declined in recent years, median incomes have generally increased. The racial composition remains predominantly white, with a notable Hispanic population. The continued development of LIHTC projects, even in recent years, indicates an ongoing commitment to maintaining affordable housing options in this evolving community.