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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 94589 in Vallejo, California, has a notable LIHTC funded affordable housing inventory. The area contains 395 total units in LIHTC funded projects, with 390 of these designated as low-income units. Based on the estimated 11,476 housing units in the zip code, the LIHTC funded affordable housing covers approximately 3.4% of the total housing inventory.
The LIHTC program has invested $2,571,350 in project tax credits for affordable housing in this zip code. This translates to an average federal funding of $6,510 per unit. Notably, this zip code accounts for 0.08% of California's total LIHTC funding, indicating a modest but significant contribution to the state's affordable housing efforts.
Affordable housing has been present in this zip code since at least 1998, with the completion of Friendship Estates Apartments. The most recent project, completed in 2003, includes both Sereno Village Apartments and Bay View Vista Apartments. This suggests a concentrated period of affordable housing development in the early 2000s.
The inventory comprises a diverse mix of unit types, with a majority being one-bedroom units (214), followed by two-bedroom units (122). There are also 5 three-bedroom units and 9 four-bedroom units, catering to various family sizes and needs.
Over the past decade, the population in this zip code has remained relatively stable, fluctuating between 29,500 and 30,800 residents. The median income has shown a general upward trend, increasing from $61,846 in 2013 to $69,982 in 2022, with a notable peak of $79,759 in 2021.
Racial demographics have evolved slightly, with the Hispanic population increasing from 29% in 2013 to 35% in 2022. The Asian population has remained relatively stable around 24%, while the Black population has decreased from 23% to 20%. The White population has also seen a slight decrease from 17% to 15%.
These demographic shifts, particularly the increase in Hispanic population and the overall rise in median income, may influence future affordable housing needs in the area.
Zip code 94589 in Vallejo, California, demonstrates a modest but important LIHTC funded affordable housing presence, covering about 3.4% of the estimated housing inventory. The area has received significant federal investment, with projects completed in the late 1990s and early 2000s. The housing mix caters to various family sizes, with a predominance of one and two-bedroom units. While the population has remained relatively stable over the past decade, changes in racial demographics and increasing median income may impact future affordable housing needs in this zip code.