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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 90065, located in Los Angeles, California, contains 254 units of Low-Income Housing Tax Credit (LIHTC) funded affordable housing, with 250 designated as low-income units. These units constitute approximately 1.4% of the estimated 17,854 total housing units in the zip code. The LIHTC program has invested $4,586,939 in tax credits in this area, averaging $18,059 per unit in LIHTC-funded projects. This investment represents 0.15% of California's total LIHTC funding allocation.
The earliest recorded LIHTC project in zip code 90065, Glassell Park Community Housing, was completed in 2011. The most recent project with a known completion date, Marmion Way Apartments, was finished in 2016. The year 2014 saw significant activity with the completion of both Rio Vista Apartments and Taylor Yard Apartments. The LIHTC-funded housing in this zip code offers a range of unit types, including 51 one-bedroom units, 59 two-bedroom units, and 90 three-bedroom units.
Demographic trends in zip code 90065 over the past decade show interesting patterns. The population peaked at 51,115 in 2017 before declining to 46,598 in 2022. Despite this recent population decrease, median income has risen significantly from $62,903 in 2013 to $82,318 in 2022. Racial demographics have also shifted, with the Hispanic population decreasing from 63% in 2013 to 51% in 2022, while the white population increased from 19% to 28%. The Asian population has remained relatively stable at 15-16%.
The LIHTC-funded affordable housing in zip code 90065 represents a small but important portion of the housing stock. These projects, developed between 2011 and 2016, provide crucial affordable options in an area experiencing rising median incomes and demographic changes. The variety of unit types in these projects indicates an effort to accommodate different household sizes within the low-income population. The significant investment through the LIHTC program demonstrates a commitment to maintaining affordable housing options in this Los Angeles neighborhood.