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Affordable Housing Analysis in Zip Code 95831: The Shenandoah Project's Impact
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 95831 in Sacramento, California, contains Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The area has 100 affordable housing units, with 99 designated as low-income units. Based on the 2022 population of 43,764 and an estimated 16,768 housing units in the zip code, LIHTC funded affordable housing represents approximately 0.6% of the estimated housing inventory.
The LIHTC program has invested in this zip code, with project tax credits totaling $507,788. This equates to an average federal funding of $5,078 per unit. Zip code 95831 accounts for 2% of the total LIHTC funding allocated to California.
The Shenandoah, completed in 2007, is a significant LIHTC project in the area. This development has provided affordable housing options to the community for over 15 years. The project includes 38 one-bedroom, 54 two-bedroom, and 8 three-bedroom units, accommodating diverse household sizes and needs.
From 2013 to 2022, the zip code experienced steady population growth, increasing from 40,578 to 43,764. The median income also rose from $81,917 in 2013 to $89,568 in 2022, indicating an improvement in economic conditions.
The racial composition of the area has remained relatively stable, with minor shifts. The Asian population increased from 26% to 28% between 2013 and 2022, while the White population decreased from 39% to 32%. The Hispanic population grew from 16% to 18%, and the Black population remained relatively constant around 13-15%.
These demographic trends indicate a diverse and economically improving community. The steady population growth and rising median income suggest a continued need for affordable housing options to ensure housing accessibility for all income levels.
Zip code 95831 in Sacramento has a modest LIHTC funded affordable housing presence, with 100 total units representing about 0.6% of the estimated housing inventory. The Shenandoah project, completed in 2007, has been a long-standing contributor to affordable housing in the area. The community has experienced population growth and rising median incomes over the past decade, and the demographic diversity underscores the importance of maintaining and potentially expanding affordable housing options to serve various segments of the population.
