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Affordable Housing Analysis in Zip Code 95987: A 24-Year LIHTC Development Timeline
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Williams, located in zip code 95987 in California, contains 186 affordable housing units funded through the Low-Income Housing Tax Credit (LIHTC) program, with 183 designated as low-income units. Based on the 2022 population of 6,523 and the national average household size of 2.61, an estimated 2,499 housing units exist in the zip code. The LIHTC-funded affordable housing comprises approximately 7.4% of the estimated housing inventory in this area.
The LIHTC projects in zip code 95987 have received $2,739,422 in tax credits, averaging $14,728 per unit. This funding represents 0.09% of California's total LIHTC allocation, indicating a modest investment in affordable housing for this area. Affordable housing has been present in this zip code for nearly three decades, with the first LIHTC project, Pinewood Manor Apts, completed in 1993, and the most recent, Green Valley Homes, finished in 2017.
The LIHTC-funded projects in zip code 95987 offer a range of unit sizes, including 46 one-bedroom, 38 two-bedroom, 49 three-bedroom, and 18 four-bedroom units. This variety suggests an effort to accommodate different household sizes and needs within the community.
Over the past decade, the population in zip code 95987 has shown moderate growth, increasing from 6,075 in 2020 to 6,523 in 2022. During this period, the median income has risen from $71,079 in 2020 to $72,305 in 2022, indicating improving economic conditions for residents.
The racial demographics of zip code 95987 have shifted, with the Hispanic population increasing from 77% in 2020 to 78% in 2022, while the White population decreased from 19% to 20% during the same period. This demographic shift may influence future affordable housing needs and planning in the area.
Zip code 95987 in Williams, California, has a modest LIHTC-funded affordable housing inventory, covering about 7.4% of the estimated housing units. The area has seen development of affordable housing over nearly three decades, with the most recent projects completed in the 2010s. The range of unit sizes in these projects suggests an effort to meet varied housing needs. While the population and median income have grown in recent years, demographic shifts, particularly the increasing Hispanic population, may influence future affordable housing requirements in this zip code.
