Loading Content...
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 91104 in Pasadena, California, contains Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The area has 89 total units in LIHTC-funded projects, with 86 designated as low-income units. Based on the 2022 population of 34,830 and an estimated 13,345 housing units, the LIHTC-funded affordable housing comprises approximately 0.67% of the zip code's estimated housing inventory.
The LIHTC projects in zip code 91104 have received $477,490 in tax credits, averaging about $5,365 per unit. This funding represents 0.02% of California's total LIHTC allocations. Two notable LIHTC projects in the area are Hudson Oaks, completed in 2012, and The Groves, finished in 2016. These projects span a four-year period, demonstrating a consistent effort to provide affordable housing in the zip code. The 2010s experienced the most affordable housing activity in this area.
The housing mix in these LIHTC projects includes 8 efficiencies, 50 one-bedroom units, and 4 two-bedroom units. This distribution indicates a focus on accommodating smaller households or individuals.
Over the past decade, the population of zip code 91104 has fluctuated, reaching a peak of 38,381 in 2017 before declining to 34,830 in 2022. The median income has shown an overall upward trend, increasing from $82,632 in 2013 to $81,617 in 2022, with a notable spike to $92,898 in 2021.
Racial demographics in zip code 91104 have remained relatively stable, with some slight shifts. The Hispanic population increased marginally from 38% in 2013 to 39% in 2022, while the White population decreased slightly from 41% to 39% over the same period. The Asian population increased from 7% to 9%, and the Black population decreased from 11% to 6%.
The completion of LIHTC projects in 2012 and 2016 coincides with periods of population growth and rising median incomes, suggesting a proactive approach to maintaining affordable housing options in an increasingly affluent area.
Zip code 91104 in Pasadena has a small but significant LIHTC-funded affordable housing presence, with 89 units across two projects completed in the 2010s. These units represent a small percentage of the estimated housing inventory but provide crucial affordable options in an area that has experienced fluctuating population and generally rising median incomes over the past decade. The housing mix, predominantly one-bedroom units, appears to cater to the changing demographics of the area, including a diverse racial composition with notable Hispanic and White populations.