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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 91942, located in La Mesa, California, has a population of 41,138 as of 2022. This area has one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project, providing a total of 59 affordable units, all of which are designated as low-income units. Based on the estimated housing inventory of 15,762 units, the LIHTC-funded affordable housing covers approximately 0.37% of the zip code's housing stock.
The LIHTC program has invested $286,575 in tax credits for affordable housing in this zip code. This translates to an average federal funding of $4,857 per unit. This investment represents 0.01% of California's total LIHTC funding allocation, indicating a relatively small portion of the state's affordable housing resources are directed to this area.
The sole LIHTC project in this zip code, Campina Court Apartments, was completed in 2014. This development includes 3 two-bedroom units and 3 three-bedroom units, with the remaining units likely being a mix of efficiencies and one-bedrooms, though specific data on these unit types is not available.
Over the past decade, the zip code has experienced steady population growth, increasing from 39,225 in 2013 to 41,138 in 2022. During this period, the median income has also risen, from $66,202 in 2013 to $71,032 in 2022, with a notable peak of $80,290 in 2021.
The racial composition of the area has remained relatively stable, with some slight shifts. The white population has decreased slightly from 60% in 2013 to 55% in 2022, while the Hispanic population has increased from 21% to 26% during the same period. The Asian population has grown from 4% to 7%, and the Black population has remained relatively constant at around 5-7%.
The completion of the Campina Court Apartments in 2014 coincides with a period of population growth and increasing median income in the area. This suggests that the development may have been a response to growing housing needs in an economically improving community.
Zip code 91942 in La Mesa, California, has a single LIHTC-funded affordable housing project that provides 59 low-income units. While this represents a small portion of the area's estimated housing stock, it is an important contribution to affordable housing in the community. The project was completed during a period of population growth and rising median incomes, indicating a proactive approach to maintaining affordable housing options in an evolving economic landscape. The demographic trends over the past decade show a gradually diversifying population, which may influence future affordable housing needs and development in the area.