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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 95695, located in Woodland, California, contains a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. This area encompasses 574 total units in LIHTC-funded projects, with 570 designated as low-income units. Based on the 2022 population of 39,161 and an estimated 15,004 housing units, the LIHTC-funded affordable housing represents approximately 3.8% of the zip code's estimated housing inventory.
The LIHTC projects in zip code 95695 have received $3,401,204 in project tax credits, averaging about $5,926 per unit. This zip code holds 0.11% of California's total LIHTC funding, indicating a modest but notable presence in the state's affordable housing landscape.
Affordable housing has been present in this community for over three decades. The first LIHTC project, Cottonwood Meadows Apts, was completed in 1987, while the most recent, West Beamer Place, was finished in 2018. The 2010s saw the most affordable housing development, with projects such as Cherry Glen Apts (2013), Crosswood Apartments (2015), and West Beamer Place (2018) being completed.
The LIHTC-funded inventory in zip code 95695 includes a diverse mix of unit types. There are 76 efficiencies, 160 one-bedroom units, 194 two-bedroom units, and 36 three-bedroom units. This distribution suggests a focus on accommodating various household sizes, from individuals to small families.
Over the past decade, zip code 95695 has experienced moderate population growth, increasing from 37,559 in 2013 to 39,161 in 2022. Median income has also risen significantly, from $62,578 in 2013 to $76,757 in 2022. This income growth may have influenced the need for affordable housing in the area.
The racial demographics in zip code 95695 have shifted slightly, with the Hispanic population increasing from 45% in 2013 to 51% in 2022, while the white population decreased from 49% to 40% during the same period. The Asian population remained stable at around 3%, and the Black population increased slightly from less than 1% to 1%. These demographic changes may have impacted the demand for affordable housing in the area.
Zip code 95695 has an established LIHTC-funded affordable housing inventory, covering about 3.8% of the estimated housing units. The area has seen consistent development of affordable housing over three decades, with the most recent projects completed in the 2010s. The diverse unit mix caters to various household sizes, and the demographic trends suggest a growing and diversifying population that may benefit from these affordable housing options. The LIHTC program has made a notable contribution to the area's affordable housing stock.