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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 93926, located in Gonzales, California, contains a notable inventory of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. This area encompasses 180 total units in LIHTC-funded projects, with 174 designated as low-income units. These units represent approximately 4.9% of the estimated 3,700 housing units in the zip code.
The LIHTC projects in zip code 93926 have received $1,824,262 in tax credits, averaging $10,135 per unit. This funding constitutes 0.06% of California's total LIHTC allocations, indicating a modest investment in affordable housing for this area. The development of affordable housing in this zip code spans over a decade, with the earliest project, Canyon Creek Townhomes, completed in 2005, and the most recent projects, Gonzales Family Rad and South County Rad, finished in 2017.
The LIHTC-funded housing in zip code 93926 offers a range of unit types. The inventory includes 79 one-bedroom units, 26 two-bedroom units, 49 three-bedroom units, and 26 four-bedroom units. This distribution suggests accommodation for various family sizes and needs.
Over the past decade, the population of zip code 93926 has remained relatively stable, fluctuating between 9,500 and 10,000 residents. The median income has shown an overall upward trend, increasing from $61,153 in 2015 to $71,202 in 2022, with a peak of $85,284 in 2021. This rise in median income may indicate changing economic conditions in the area.
The racial composition of zip code 93926 has remained predominantly Hispanic, consistently representing about 90% of the population throughout the 2010s. The white population has slightly decreased from 11% in 2013 to 8% in 2022, while the Asian population has marginally increased from 1% to 2% during the same period.
The most recent LIHTC projects were completed in 2017, coinciding with a period of population growth and increasing median income. This timing suggests that the affordable housing development was responding to the area's growing needs and changing demographics.
Zip code 93926 has a modest but significant LIHTC-funded affordable housing inventory, covering nearly 5% of its estimated housing units. The area has seen consistent development of affordable housing over the past two decades, with projects accommodating various family sizes. While the population has remained relatively stable, the rising median income and consistent racial composition suggest a community that has maintained its character while experiencing some economic growth. The LIHTC program has played a crucial role in providing affordable housing options in this predominantly Hispanic community, helping to meet the diverse housing needs of its residents.