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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 95833, located in Sacramento, California, contains 161 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units, of which 132 are designated as low-income. This represents approximately 1.03% of the estimated 15,547 housing units in the zip code, based on the 2022 population of 40,578.
The LIHTC projects in zip code 95833 have received $890,563 in tax credits, averaging $5,532 per unit. This funding constitutes 3% of the total LIHTC credits allocated in California. Affordable housing has been present in this zip code since at least 1998, with the completion of River Garden Estates. The most recent project, River Court Apartments, was completed in 1999, indicating that LIHTC-funded affordable housing has been a part of this community for over two decades.
The 1990s saw the most affordable housing development in this zip code, with both known projects completed during this decade. The housing inventory includes a mix of unit sizes, with 24 one-bedroom, 11 two-bedroom, 41 three-bedroom, and 65 four-bedroom units. There are no efficiency units in these projects.
Over the past decade, the population in zip code 95833 has grown from 37,490 in 2013 to 40,578 in 2022, an increase of about 8.2%. During this same period, the median income has risen from $64,341 in 2013 to $78,242 in 2022, representing a 21.6% increase.
The racial composition of zip code 95833 has remained relatively stable, with minor shifts. The Hispanic population has consistently represented around 38-39% of the population. The White population has decreased from 32% in 2013 to 27% in 2022. The Asian and Black populations have remained relatively stable at around 11-12% and 13-14% respectively. The population identifying as two or more races has increased from 4% in 2013 to 6% in 2022.
Despite population growth and rising median income, no new LIHTC projects have been developed in zip code 95833 since 1999. This could be due to various factors, including changes in local housing policies, availability of land for development, or shifts in funding priorities.
Zip code 95833 in Sacramento, California, has a modest LIHTC-funded affordable housing inventory, representing about 1% of the estimated housing units. The area received 3% of California's LIHTC funding, with projects dating back to the late 1990s. While the population has grown and median income has increased significantly over the past decade, there has been no new LIHTC development since 1999. The racial composition has remained relatively stable, with the Hispanic population consistently being the largest group. These insights provide a snapshot of the affordable housing landscape in this zip code, reflecting both historical investments and potential opportunities for future affordable housing initiatives.