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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The zip code 95618 in Davis, California, contains a substantial Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. This area encompasses 677 total units in LIHTC-funded projects, with 573 of these designated as low-income units. Based on the 2022 population of 26,193 and an estimated 10,036 housing units, the LIHTC-funded affordable housing comprises approximately 6.7% of the zip code's estimated housing inventory.
The LIHTC projects in zip code 95618 have received $3,651,423 in tax credits, averaging about $5,393 in federal funding per unit. This zip code holds 0.12% of California's total LIHTC funding, indicating a modest but notable contribution to the state's affordable housing efforts.
The first LIHTC projects in zip code 95618, Fox Creek and Rosewood Park/Willow Glen, were completed in 1992. The most recent project, Owendale Mutual Housing Community, was finished in 2018, demonstrating a 26-year span of affordable housing development in the area. The 1990s saw the most affordable housing activity, with five projects completed during that decade.
The LIHTC-funded housing in zip code 95618 offers a diverse range of unit sizes. There are 129 one-bedroom units, 285 two-bedroom units, 175 three-bedroom units, and 16 four-bedroom units. This variety caters to different household sizes and needs within the community.
Over the past decade, the population in zip code 95618 has remained relatively stable, fluctuating between 25,000 and 27,000 residents. The median income has shown an overall upward trend, rising from $94,695 in 2013 to $103,921 in 2022, with a peak of $123,675 in 2021. This increase in median income may indicate a growing need for affordable housing options to maintain economic diversity in the area.
Racial demographics in zip code 95618 have remained relatively consistent, with a slight decrease in the white population (from 58% in 2013 to 51% in 2022) and a small increase in the Asian population (from 20% to 25%). The Hispanic population has held steady at around 15-17%. These minor shifts in racial composition suggest a gradually diversifying community, which may benefit from continued investment in affordable housing options.
Zip code 95618 in Davis, California, demonstrates a consistent commitment to affordable housing through its LIHTC-funded projects. With 677 total units, including 573 low-income units, these developments cover approximately 6.7% of the estimated housing inventory. The area has seen steady affordable housing development over 26 years, with a focus on diverse unit sizes to accommodate various household needs. While median income has increased over the past decade, the continued presence of LIHTC projects suggests an ongoing effort to maintain housing affordability and economic diversity in the community.