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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 95762, located in El Dorado Hills, California, contains a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The area has 167 total units, all of which are designated as low-income units. These units represent approximately 0.98% of the estimated 17,028 housing units in the zip code.
The LIHTC program has invested $921,771 in tax credits for affordable housing projects in zip code 95762. This investment amounts to an average federal funding of $5,520 per unit. The investment represents 0.03% of California's total LIHTC funding, indicating a small but notable contribution to the state's affordable housing efforts.
The affordable housing in zip code 95762 is concentrated in a single project called White Rock Village, completed in 2005. This project has provided affordable housing options for nearly two decades. White Rock Village offers a range of unit sizes, including 4 one-bedroom, 6 two-bedroom, 5 three-bedroom, and 18 four-bedroom units, catering to various household sizes.
The population in zip code 95762 has grown steadily over the past decade, increasing from 40,638 in 2015 to 44,443 in 2022, a 9.36% increase. This growth suggests an increasing demand for housing in the area. The median income in the zip code has fluctuated, peaking at $151,780 in 2021 before decreasing to $138,634 in 2022. The high median income may indicate a reduced need for additional affordable housing units in recent years.
The racial demographics of zip code 95762 have remained relatively stable. The white population decreased slightly from 75% in 2015 to 71% in 2022. There have been small increases in Asian and Hispanic populations, which rose to 11% and 9% respectively in 2022. This gradual diversification may influence future affordable housing needs.
Zip code 95762 in El Dorado Hills contains one LIHTC-funded affordable housing project, White Rock Village, which has served the community since 2005. The 167 low-income units represent a small fraction of the estimated housing stock but provide important affordable options in an area with a high median income. The steady population growth and minor changes in racial demographics over the past decade indicate that ongoing assessment of affordable housing needs will be important for maintaining a balanced community in this zip code.