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Affordable Housing in Zip Code 91768: LIHTC Impact and Demographic Trends in Pomona, 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 91768 in Pomona, California exhibits a distinct affordable housing landscape supported by the Low-Income Housing Tax Credit (LIHTC) program. This area contains 183 LIHTC-funded affordable housing units, with 153 specifically designated as low-income units. Based on the estimated 13,291 housing units in the zip code, LIHTC-funded affordable housing comprises approximately 1.38% of the total housing inventory.
The LIHTC projects in zip code 91768 have received $3,407,951 in tax credits, averaging about $18,622 per unit. This zip code accounts for 0.11% of California's total LIHTC funding, indicating a relatively small but significant contribution to the state's affordable housing efforts. The first LIHTC project in this zip code, Park William Apts, was completed in 2000, while the most recent, Holt + Hamilton Family Apartments, was finished in 2016. This 16-year span demonstrates a sustained commitment to affordable housing development in the area.
The affordable housing inventory in zip code 91768 is diverse, consisting of 67 one-bedroom units, 41 two-bedroom units, and 75 three-bedroom units. This distribution suggests a focus on accommodating various family sizes and needs within the community. Over the past decade, the zip code has experienced a slight decline in population, from 36,136 in 2015 to 34,690 in 2022. Despite this, the median income has increased significantly from $50,028 in 2015 to $70,724 in 2022, indicating improving economic conditions for some residents.
The racial composition of zip code 91768 has remained relatively stable, with a slight increase in the Hispanic population from 69% in 2015 to 74% in 2022. The Asian and White populations have remained consistent at around 8% and 13% respectively, while the Black population has decreased slightly from 7% to 4%.
The LIHTC program has played a crucial role in providing affordable housing options in zip code 91768. While the current inventory represents a small percentage of the total housing stock, it provides essential support for low-income residents. The area has seen consistent development of affordable housing over nearly two decades, with a diverse mix of unit types to accommodate various household sizes. Despite a slight population decline, rising median incomes suggest a potential need for continued affordable housing initiatives to ensure housing remains accessible to all income levels in this evolving community.
