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Affordable Housing Analysis: Zip Code 93552 in Palmdale, California - A Single LIHTC 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 93552 in Palmdale, California contains 198 affordable housing units funded by the Low-Income Housing Tax Credit (LIHTC) program. All of these units are designated as low-income. The estimated total housing units in this zip code is 16,576, based on the 2022 population of 43,263 and the national average household size of 2.61. The LIHTC-funded affordable units represent approximately 1.2% of the estimated housing inventory in this zip code.
The LIHTC program has invested $1,877,261 in project tax credits in zip code 93552. This equates to an average federal funding of $9,481 per unit. The investment in this zip code accounts for 0.06% of the total LIHTC funding allocated to California.
The Casablanca Apartments, completed in 2000, is the only LIHTC-funded project in zip code 93552. This development has provided affordable housing for over two decades. It consists of 198 units, including one two-bedroom and one three-bedroom unit. Information on other unit types is not available.
Demographic trends in zip code 93552 over the past decade show population growth from 39,020 in 2019 to 43,263 in 2022. The median income has increased from $71,065 in 2019 to $69,921 in 2022, with a peak of $77,068 in 2021. This upward trend in income may partially explain the absence of additional LIHTC projects in recent years.
Racial demographics in zip code 93552 have remained relatively stable. The Hispanic population, which is the majority, increased slightly from 70% in 2019 to 73% in 2022. The White population decreased from 13% to 11%, and the Black population decreased from 13% to 11%. Asian representation remained constant at 2-3%.
Zip code 93552 has a single LIHTC-funded affordable housing project that has served the community for over 20 years. The proportion of affordable housing through this program is relatively low compared to the estimated housing inventory. Other affordable housing programs may be present in the area. The demographic trends indicate a growing population with increasing median income, which may influence future affordable housing needs and developments in this zip code.
