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Affordable Housing in Zip Code 93422: LIHTC Funding and Demographic Trends in Atascadero, California
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 93422 in Atascadero, California, has a population of 31,752 as of 2022 and covers 55.67 square miles. This area contains 114 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units, with 112 designated as low-income. These units comprise 0.94% of the estimated 12,166 total housing units in the zip code.
The LIHTC program has allocated $938,785 in tax credits for affordable housing projects in zip code 93422. This equates to an average of $8,235 per unit in federal funding. The zip code's LIHTC funding represents 0.03% of California's total allocation.
Affordable housing development in this zip code spans from 2007 to 2012. The Atascadero Senior Apartments, completed in 2007, marked the beginning of LIHTC-funded projects in the area. The most recent development, California Manor Apartments, was finished in 2012. The 2010s saw the highest concentration of affordable housing completions in this zip code.
The affordable housing inventory in zip code 93422 consists of 106 one-bedroom units and 8 two-bedroom units. This distribution indicates a focus on housing for smaller households or individuals. The California Manor Apartments, completed in 2012, targets "At-Risk" individuals, addressing the needs of vulnerable community members who may face housing insecurity.
From 2013 to 2022, the population in zip code 93422 increased from 29,955 to 31,752. The median income rose from $76,692 to $85,209 during the same period, suggesting improved economic conditions. The racial composition of the zip code has shown slight changes, with the white population decreasing from 80% to 71% and the Hispanic population increasing from 15% to 22% between 2013 and 2022.
Zip code 93422 in Atascadero, California, maintains a small but notable LIHTC-funded affordable housing presence, comprising nearly 1% of the estimated housing stock. Two LIHTC projects were completed between 2007 and 2012, primarily offering one-bedroom units and addressing the needs of at-risk populations. While no new affordable housing developments have been added in recent years, the area has experienced moderate population growth and rising median incomes. The evolving racial composition of the zip code may indicate changing housing needs that could inform future affordable housing initiatives.
