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Affordable Housing in Zip Code 92130: Two Decades of LIHTC Development
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 92130, located in San Diego, California, contains a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. This area has 736 total units in LIHTC-funded projects, with 663 designated as low-income units. Based on the estimated 21,923 housing units in the zip code, the LIHTC-funded affordable housing comprises approximately 3.4% of the area's housing inventory.
The LIHTC projects in zip code 92130 have received $7,167,090 in tax credits, averaging about $9,738 per unit in federal funding. This zip code accounts for 0.23% of California's total LIHTC funding, indicating a notable investment in affordable housing for the area.
Affordable housing has been present in this zip code for nearly two decades. The first LIHTC project, Seabreeze Apts, was completed in 2001, and the most recent, Luna At Pacific Highlands Ranch, was finished in 2018. The decade with the most affordable housing projects completed was the 2010s, with five projects: Cielo Carmel I, Cielo Carmel II, Rancho Del Sol, Torrey Vale Apartments, and Luna At Pacific Highlands Ranch, all completed in 2016 or 2018.
The LIHTC-funded projects in zip code 92130 offer a range of unit types. The total number of efficiencies is not available. There are 135 one-bedroom units, 307 two-bedroom units, 192 three-bedroom units, and 4 four-bedroom units. This distribution suggests a focus on accommodating families of various sizes.
Over the past decade, the population in zip code 92130 has grown steadily, increasing from 49,332 in 2013 to 57,218 in 2022. The median income has also risen, from $151,104 in 2013 to $160,791 in 2022, with some fluctuations in between.
The racial composition of zip code 92130 has shifted slightly. The Asian population has increased from 26% in 2013 to 33% in 2022, while the white population has decreased from 60% to 50% during the same period. The Hispanic population has remained relatively stable at around 8-9%.
Despite the high median income in zip code 92130, the presence of LIHTC projects indicates a recognized need for affordable housing options. The completion of multiple projects in the mid-2010s suggests a response to the growing population and potentially increasing housing costs in the area.
Zip code 92130 has a notable LIHTC-funded affordable housing inventory, with 736 total units and 663 low-income units. These projects represent a significant investment in affordable housing, receiving over $7 million in tax credits. The area has seen consistent development of affordable housing over nearly two decades, with a particular focus in the mid-2010s. The LIHTC-funded units represent a small percentage of the overall housing inventory, providing important affordable options in an area with a high median income and growing population. The diverse unit types offered suggest an effort to accommodate various household sizes and needs within the community.
