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Affordable Housing in Zip Code 94931: Analysis of Wilford Lane LIHTC Project
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The zip code 94931, located in Cotati, California, has a population of 10,651 as of 2022. This area contains one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project, providing 36 units, with 35 designated as low-income units. Based on the estimated housing inventory of 4,081 units, the LIHTC-funded affordable housing comprises approximately 0.88% of the zip code's housing stock.
The LIHTC program has invested $530,539 in tax credits for affordable housing in this zip code. This investment equates to an average federal funding of $14,737 per unit. This funding represents 0.02% of California's total LIHTC funding, indicating a relatively small portion of the state's affordable housing resources.
The sole LIHTC project in this zip code, Wilford Lane, was completed in 2003. This project has been providing affordable housing options in the area for nearly two decades. Wilford Lane offers a diverse mix of unit types, including 2 efficiencies, 8 one-bedroom units, 8 two-bedroom units, and 18 three-bedroom units. This distribution suggests a focus on accommodating various household sizes, with a particular emphasis on families needing larger units.
Wilford Lane is designated for Special Needs populations. This target population may require additional support services or specific design features to meet their unique requirements.
Over the past decade, the zip code's population has remained relatively stable, fluctuating between 10,100 and 10,800 residents. The median income has shown a significant upward trend, increasing from $66,695 in 2013 to $84,156 in 2022. This rise in median income could potentially impact the demand for affordable housing in the area.
Racial demographics have remained fairly consistent, with a slight increase in Hispanic population from 21% in 2013 to 25% in 2022. The white population has seen a minor decrease from 68% to 66% during the same period. These demographic shifts, while modest, may influence the need for culturally sensitive affordable housing options.
The 94931 zip code has a single LIHTC-funded affordable housing project, Wilford Lane, which has been serving the community since 2003. While it provides 36 units, including 35 low-income units, this represents a small fraction (0.88%) of the estimated housing inventory. The project's focus on special needs populations addresses a specific community requirement. Despite rising median incomes and subtle demographic shifts, the area's stable population suggests a consistent need for affordable housing options. The limited LIHTC presence in this zip code may indicate that other affordable housing programs or initiatives are supplementing the area's low-income housing needs.
