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Affordable Housing in Zip Code 95655: A Focus on Veterans
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 95655 in Mather, California contains a unique Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. This area includes 100 total units in LIHTC funded projects, with 10 designated as low-income units. Based on the 2022 population of 4,190 and an estimated 1,605 housing units, the LIHTC funded affordable housing comprises approximately 6.23% of the zip code's estimated housing inventory.
The LIHTC program has invested significantly in this zip code, with project tax credits totaling $2,480,891. This translates to an average federal funding of $24,809 per unit. Notably, this zip code accounts for 0.08% of the total state LIHTC funding, indicating its relative importance in California's affordable housing landscape.
The affordable housing presence in this zip code spans from 2016 to 2019, with two notable projects: Mather Veterans Village completed in 2016 and Mather Veterans Village Phase III completed in 2019. This suggests a recent and concentrated effort to develop affordable housing in the area.
The 2010s saw the most affordable housing development in this zip code, with both projects completed during this decade. The inventory consists primarily of one-bedroom units (88) and two-bedroom units (12), indicating a focus on housing for individuals or small families.
Both projects in this zip code are focused on serving veterans, as evident from their names. This targeted approach addresses the specific housing needs of the veteran population, which may include accessibility features, support services, and a community of peers.
Over the last decade, the zip code has experienced fluctuations in population, with a recent upward trend. The median income has also increased significantly, rising from $89,340 in 2013 to $88,671 in 2022, despite a slight dip from the previous year.
Racial demographics have remained relatively stable, with the white population consistently representing the majority (around 48-54%). However, there has been a slight increase in diversity, with growth in the Hispanic population (from 14% to 21%) and the two or more races category (from 5% to 9%) between 2013 and 2022.
The development of LIHTC projects in 2016 and 2019 aligns with a period of population growth and increasing median income, suggesting a proactive approach to maintaining affordable housing options in an area experiencing economic growth.
Zip code 95655 in Mather, California, has a focused LIHTC funded affordable housing inventory, primarily serving veterans. With 100 total units, including 10 low-income units, it covers about 6.23% of the estimated housing inventory. The area has seen recent investment in affordable housing, with projects completed in 2016 and 2019, coinciding with population growth and rising median incomes. The housing stock is predominantly one-bedroom units, reflecting the needs of the target population. While the zip code represents a small portion of California's total LIHTC funding, it demonstrates a targeted approach to addressing affordable housing needs for a specific demographic in the community.
