Loading Content...
Affordable Housing in Zip Code 92021: LIHTC Funded Units in Harbison Canyon, California
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 92021, located in Harbison Canyon, California, contains 267 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. All of these units are designated as low-income units. The estimated housing inventory for this zip code is approximately 26,023 units, based on the 2022 population of 67,921 and using the national average household size. The 267 LIHTC-funded affordable units represent about 1.03% of this estimated housing stock.
The LIHTC projects in zip code 92021 have received $1,095,747 in tax credits, averaging about $4,104 per unit in federal funding. This zip code accounts for 0.04% of the total LIHTC funding allocated to California. The affordable housing presence in this zip code spans over two years, with the first project, Bella Vista Apts Phase III, completed in 1998, and the most recent, Royal Heights Apts, in 2000.
The LIHTC-funded inventory in zip code 92021 consists of 21 two-bedroom units and 6 three-bedroom units. Over the past decade, the zip code has experienced fluctuations in population, with a general upward trend from 61,923 in 2010 to 67,921 in 2022. The median income has also shown an overall increase, rising from $58,655 in 2013 to $69,031 in 2022, suggesting improving economic conditions.
Racial demographics in zip code 92021 have remained relatively stable, with the white population consistently representing the majority (around 57-60% in recent years). The Hispanic population has maintained a significant presence, ranging between 26-31% over the past decade. Other racial groups, including Asian, Black, and multiracial populations, have shown slight increases, indicating a gradual diversification of the community.
The demographic trends, particularly the rising median income, may partially explain why no new LIHTC projects have been developed in the area since 2000. However, rising incomes do not necessarily eliminate the need for affordable housing, as housing costs may also increase.
Zip code 92021 in Harbison Canyon, California, has a small but significant LIHTC-funded affordable housing inventory, providing 267 low-income units. This represents approximately 1.03% of the estimated housing stock. The LIHTC projects, developed in the late 1990s and early 2000s, have received over $1 million in tax credits. Despite rising median incomes and a relatively stable demographic composition over the past decade, the existing affordable housing continues to play a crucial role in the community's housing landscape.
