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Affordable Housing in Zip Code 95337: Analysis of LIHTC-Funded Projects in Manteca, 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 95337, located in Manteca, California, contains a total of 215 units in Low-Income Housing Tax Credit (LIHTC) funded projects, with 214 of these designated as low-income units. This inventory represents approximately 1.26% of the estimated 17,091 housing units in the zip code. The LIHTC projects in this area have received $1,140,825 in project tax credits, averaging $5,306 in federal funding per unit. This funding accounts for 0.04% of California's total LIHTC allocation.
Affordable housing has been present in zip code 95337 since at least 2002, with the completion of Union Court Apartments. The most recent project, Belagio Apartments, was completed in 2012, spanning a decade of affordable housing development in the area. The 2010s saw the most affordable housing activity, with Belagio Apartments being the largest project, adding 152 units to the inventory.
The housing mix in these LIHTC projects includes 6 one-bedroom units, 100 two-bedroom units, and 56 three-bedroom units, providing options for different household sizes. There are no efficiency units or four-bedroom units in these projects.
Over the past decade, zip code 95337 has experienced significant population growth, increasing from 32,143 in 2013 to 44,607 in 2022, representing a 38.8% increase. This growth suggests a rising demand for housing, including affordable options. Median income has also increased substantially, from $77,342 in 2013 to $94,125 in 2022, potentially indicating a widening income gap and increased need for affordable housing.
Racial demographics in zip code 95337 have shifted notably, with the Asian population increasing from 10% to 21%, while the white population decreased from 45% to 28%. The Hispanic population has remained relatively stable at around 38-40%. These changes may reflect evolving housing needs and potential opportunities for culturally sensitive affordable housing development.
Zip code 95337 has a modest LIHTC-funded affordable housing inventory, covering about 1.26% of its estimated housing stock. The area has seen two LIHTC projects completed over a decade, with the most recent in 2012. Despite significant population growth and rising median incomes, there has not been recent LIHTC development. The changing racial demographics and income trends suggest an ongoing need for affordable housing options in this rapidly growing area.
