Loading Content...
Affordable Housing in Lancaster's 93536 Zip Code: Two Decades of LIHTC Development
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Lancaster's 93536 zip code covers 289.91 square miles in California. This zip code has 438 total units in Low-Income Housing Tax Credit (LIHTC) funded projects, with 181 designated as low-income units. Based on the 2022 population of 72,808 and the national average household size of 2.61, there are approximately 27,896 housing units in this zip code. LIHTC funded affordable housing covers about 1.57% of the estimated housing inventory in the zip code.
The LIHTC program has invested $3,633,029 in tax credits in this zip code. This equates to an average federal funding of $8,295 per unit in LIHTC funded projects. This zip code accounts for 0.12% of California's total LIHTC funding. The LIHTC funded affordable housing in this zip code spans from 1998 to 2020, with the earliest project being Regency Apts and the most recent being Kensington II. The 2010s saw the most activity in affordable housing development.
The LIHTC funded projects in this zip code offer 102 one-bedroom units, 165 two-bedroom units, 74 three-bedroom units, and 20 four-bedroom units. The zip code's population increased from 68,718 in 2020 to 72,808 in 2022. The median income rose from $75,917 in 2013 to $88,703 in 2022. The Hispanic population increased from 29% in 2013 to 37% in 2022, while the white population decreased from 49% to 40%. The Black population remained relatively stable at around 12-14%, and the Asian population held steady at about 5%.
The demographic changes, particularly the rising median income, may have influenced the continued development of LIHTC funded projects in the area to maintain affordable housing options. The 93536 zip code in Lancaster, California, has a notable LIHTC funded affordable housing inventory, covering about 1.57% of the estimated housing units. With over $3.6 million in tax credits invested, this area has seen consistent development of affordable housing projects over two decades. The diverse unit types cater to various household sizes, reflecting the changing demographics of the area. While the median income has increased, the continued investment in LIHTC projects suggests an ongoing commitment to maintaining affordable housing options in this growing and evolving community.
