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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 93465, located in Templeton, California, contains a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The area encompasses 153 total units in LIHTC-funded projects, with 151 designated as low-income units. Based on the 2022 population of 10,621 and an estimated 4,069 housing units, the LIHTC-funded affordable housing represents approximately 3.76% of the zip code's estimated housing inventory.
The LIHTC program has invested $2,229,886 in tax credits for affordable housing projects in this zip code. This translates to an average federal funding of about $14,574 per unit. Notably, this zip code accounts for 0.07% of California's total LIHTC funding allocation.
Affordable housing has been present in this community for nearly two decades. The first LIHTC project, Templeton Place, was completed in 2001, while the most recent addition, Rolling Hills II, was finished in 2018. The 2010s saw the most affordable housing development, with two projects completed during this decade: Rolling Hills Apts in 2011 and Rolling Hills II in 2018.
The LIHTC-funded housing in this zip code offers a mix of unit types, including 37 one-bedroom, 52 two-bedroom, and 13 three-bedroom units. This range of options caters to various household sizes and needs within the community.
One project of note is Rolling Hills Apts, completed in 2011, which specifically targets the "At-Risk" population. This focus indicates a commitment to addressing the housing needs of particularly vulnerable community members.
Over the past decade, the zip code has experienced some fluctuations in population, with a general trend towards growth. The population increased from 9,851 in 2015 to 10,621 in 2022. Concurrently, median income has shown significant growth, rising from $84,028 in 2015 to $101,339 in 2022.
The racial composition of the area has remained relatively stable, with a slight increase in diversity. The white population decreased marginally from 78% in 2015 to 79% in 2022, while the Hispanic population remained steady at around 15-17%. The area has also seen a small increase in residents identifying as two or more races, from 2% in 2015 to 4% in 2022.
Zip code 93465 in Templeton, California, demonstrates a consistent commitment to affordable housing through the LIHTC program. With 153 total units, of which 151 are designated as low-income, these projects represent a significant portion of the area's housing stock. The community has seen steady development of affordable housing over nearly two decades, with a focus on diverse unit types to accommodate various household needs. While the area has experienced population growth and rising median incomes, the continued development of affordable housing, including projects targeting at-risk populations, suggests an ongoing effort to maintain housing accessibility across income levels.