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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 92399 in Yucaipa, California has a population of 54,241 as of 2022 and covers an area of 45.55 square miles. The Low-Income Housing Tax Credit (LIHTC) program has funded 146 affordable housing units in this zip code, with 144 of these specifically designated as low-income units. Based on the estimated housing inventory of 20,782 units, the LIHTC-funded affordable housing covers approximately 0.7% of the zip code's housing stock.
The LIHTC program has invested $1,296,051 in tax credits for affordable housing projects in this zip code. This translates to an average federal funding of $8,877 per unit. This zip code accounts for 0.04% of the total LIHTC funding allocated to California.
Affordable housing has been present in this zip code since 1991, with the most recent project completed in 2017, spanning over two and a half decades. The 1990s saw the completion of Yucaipa Terrace, while the 2010s were particularly active with two projects: Yucaipa Senior Terrace in 2012 and Horizons At Yucaipa in 2017.
The LIHTC-funded housing inventory in this zip code consists primarily of one-bedroom and two-bedroom units. There are 74 one-bedroom units and 21 two-bedroom units across the projects. Notably, there are no efficiencies, three-bedroom, or four-bedroom units reported in these LIHTC projects.
Over the past decade, the population in this zip code has grown from 51,975 in 2013 to 54,241 in 2022, an increase of about 4.4%. During this same period, the median income rose significantly from $72,452 in 2013 to $83,760 in 2022, representing a 15.6% increase.
The racial composition of the zip code has also shifted. The Hispanic population increased from 29% in 2013 to 34% in 2022, while the white population decreased from 65% to 57%. The Asian population grew from 2% to 4%, and the proportion of residents identifying as two or more races increased from 1% to 3%.
The completion of two LIHTC projects in 2012 and 2017 aligns with the period of population growth and increasing diversity in the zip code. This suggests that the affordable housing developments may have been responding to changing demographic needs and increasing housing demand in the area.
Zip code 92399 in Yucaipa, California has seen a steady implementation of LIHTC-funded affordable housing projects over the past three decades, with the most recent developments occurring in the 2010s. While these projects provide a valuable contribution to the area's affordable housing stock, they currently cover a small percentage of the estimated housing inventory. The zip code has experienced moderate population growth, significant income increases, and increasing racial diversity over the past decade, which may have influenced the need for and development of affordable housing options.