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Affordable Housing in Zip Code 91708: A Decade of Growth and Change in Chino, California
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 91708 in Chino, California exhibits a distinct affordable housing profile. The Low-Income Housing Tax Credit (LIHTC) program has funded 54 total units in this area, with 53 designated as low-income units. Based on the 2022 population of 13,425 and an estimated 5,144 housing units, the LIHTC-funded affordable housing comprises approximately 1% of the zip code's estimated housing inventory.
The LIHTC program has invested $232,860 in tax credits for affordable housing projects in this zip code, averaging about $4,312 per unit. This investment represents 0.01% of California's total LIHTC funding, indicating a relatively small but significant contribution to the state's affordable housing efforts.
The Preserve, completed in 2008, is the sole LIHTC-funded project in this zip code. This project has been providing affordable housing options for over a decade. The Preserve consists of 8 one-bedroom units, 32 two-bedroom units, and 14 three-bedroom units, offering a diverse range of housing options for different family sizes.
Over the past decade, the population in this zip code has grown significantly, from 7,592 in 2013 to 13,425 in 2022. Despite this growth, the median income has remained relatively stable, fluctuating between $104,136 and $114,773. This suggests a consistent economic profile for the area.
The racial composition of the zip code has seen some changes. The Asian population increased from 25% in 2020 to 31% in 2022, while the White population decreased from 26% to 20% in the same period. The Hispanic population has remained relatively stable at around 30-32%. The Black population has seen a slight increase from 5% in 2013 to 12% in 2022.
These demographic shifts, particularly the population growth and changes in racial composition, may indicate an evolving need for affordable housing options in the area.
Zip code 91708 in Chino, California has a single LIHTC-funded affordable housing project, The Preserve, which provides 54 units of affordable housing. While this represents a small percentage of the estimated housing inventory, it is a significant contribution to the area's affordable housing options. The demographic trends, including population growth and changes in racial composition, suggest that the need for affordable housing may be evolving in this zip code. The stable median income levels indicate that the area maintains a consistent economic profile, which could influence future affordable housing needs and development.
