The affordable housing inventory in zip code 93908 consists entirely of one-bedroom units, with all 47 units falling into this category. This composition indicates a focus on accommodating smaller households or individuals.

Over the past decade, zip code 93908 has experienced demographic shifts. The population has remained relatively stable, fluctuating between 18,000 and 19,000 residents. The median income has increased significantly, rising from $103,330 in 2013 to $130,391 in 2022.

Racially, the area has become more diverse. The white population decreased from 60% in 2013 to 54% in 2022, while the Hispanic population increased from 26% to 33% during the same period. The Asian population also saw a slight increase from 7% to 8%.

The introduction of LIHTC funded affordable housing in 2019 coincides with these demographic changes, potentially addressing the needs of a diversifying population amid rising median incomes.

Zip code 93908 in Marina, California, has a modest but recent LIHTC funded affordable housing presence. The single project, completed in 2019, provides 47 one-bedroom units, primarily serving low-income residents. This development covers a small percentage of the estimated housing inventory but represents a significant investment in affordable housing for the area. The demographic trends over the past decade, including rising incomes and increasing diversity, provide context for the timing and nature of this affordable housing development.