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Affordable Housing in Zip Code 92025: Two Decades of LIHTC Impact
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 92025 in San Diego, California exhibits a diverse affordable housing landscape supported by the Low-Income Housing Tax Credit (LIHTC) program. This area contains 596 affordable housing units, with 564 specifically designated as low-income units. Based on an estimated housing inventory of 19,143 units for the zip code, LIHTC-funded affordable housing comprises approximately 3.1% of the total housing stock.
The LIHTC program has made significant investments in zip code 92025, with project tax credits totaling $8,636,674. This equates to an average federal funding of about $14,490 per unit. Notably, this zip code accounts for 0.28% of California's total LIHTC funding, indicating a substantial commitment to affordable housing in this area.
Affordable housing has been a consistent feature of zip code 92025 for nearly two decades. The earliest recorded LIHTC project, Orange Place, was completed in 1997, while the most recent, Solutions Escondido, was finished in 2016. The 2000s saw the most development activity, with several projects completed during this decade, including Las Ventanas Village in 2008 and Juniper Senior Village in 2010.
The LIHTC-funded housing stock in zip code 92025 offers a diverse range of unit types. There are 72 one-bedroom units, 155 two-bedroom units, 185 three-bedroom units, and 14 four-bedroom units. This variety accommodates different household sizes and needs within the low-income population.
Over the past decade, zip code 92025 has experienced demographic shifts that may correlate with affordable housing needs. The population has remained relatively stable, at approximately 50,000 residents. Median income has increased from $58,667 in 2013 to $69,401 in 2022, potentially indicating a growing need for affordable housing options for lower-income residents.
Racial demographics in zip code 92025 have also changed, with the Hispanic population increasing from 50% in 2013 to 53% in 2022, while the white population decreased from 43% to 35% during the same period. This demographic shift may influence the demand for culturally appropriate affordable housing options.
Zip code 92025 in San Diego demonstrates a consistent commitment to affordable housing through the LIHTC program. With 596 total units, including 564 low-income units, the program has significantly impacted the area's housing landscape. The diversity of unit types and the span of project completions over nearly two decades highlight ongoing efforts to address affordable housing needs. While demographic shifts and rising median incomes suggest a continued need for affordable options, the LIHTC program has played a crucial role in supporting housing accessibility in this community.
