The affordable housing inventory in 96003 consists of various unit types. There are 4 efficiency units, 56 one-bedroom units, 119 two-bedroom units, and 35 three-bedroom units. This distribution indicates a focus on accommodating different household sizes, with an emphasis on smaller families or individuals.

Over the past decade, the population in zip code 96003 has remained relatively stable, ranging between 42,237 and 43,105 residents. The median income has shown an upward trend, increasing from $53,387 in 2017 to $63,765 in 2022. This rise in median income may affect the demand for affordable housing in the area.

Racial demographics in zip code 96003 have experienced slight shifts over the past decade. The white population has decreased from 80% in 2017 to 77% in 2022, while the Hispanic population has increased from 9% to 11% during the same period. The Asian population has remained stable at around 4%, and there have been small increases in the Black and multiracial populations. These changes in racial composition may influence the diverse needs for affordable housing in the community.

Zip code 96003 in Redding, California, has a modest but significant LIHTC-funded affordable housing inventory, covering about 1.3% of the estimated housing stock. The area has seen LIHTC investments from 1989 to 2003, with a diverse range of unit types to accommodate various household sizes. While the population has remained relatively stable over the past decade, there have been notable increases in median income and slight shifts in racial demographics. These factors may influence the ongoing need for and development of affordable housing in the area.