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Affordable Housing Inventory and Demographic Trends in Los Angeles Zip Code 90032
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 90032 in Los Angeles, California, contains a notable inventory of affordable housing funded by the Low-Income Housing Tax Credit (LIHTC) program. As of 2022, this zip code had a population of 44,090 and 351 total units in LIHTC-funded projects, with 348 designated as low-income units. These affordable housing units represent approximately 2.08% of the estimated 16,893 housing units in the zip code.
The LIHTC projects in zip code 90032 have received $4,614,159 in tax credits, averaging about $13,146 per unit. This funding accounts for 0.15% of California's total LIHTC allocations, indicating a modest investment in affordable housing for this specific area. The presence of affordable housing in this zip code spans from 1990 to 2011, demonstrating a consistent commitment to affordable housing development over a 21-year period.
The 2000s were the most active decade for affordable housing development in zip code 90032, with three projects completed: Happy Valley City Lights (2002), Vista Monterey (2007), and Cuatro Vientos (2011). The LIHTC-funded projects in this zip code offer a range of unit types, including 91 one-bedroom, 61 two-bedroom, 55 three-bedroom, and 60 four-bedroom units, catering to various household sizes and needs within the low-income population.
Zip code 90032 has experienced demographic shifts over the past decade. The population decreased from 46,910 in 2019 to 44,090 in 2022. Despite this decline, the median income increased from $60,171 in 2019 to $63,450 in 2022, suggesting improving economic conditions for some residents. Racial demographics have also changed slightly, with the Hispanic population decreasing from 78% in 2019 to 75% in 2022, while the Asian population increased from 11% to 13%, and the White population from 7% to 9% during the same period.
These demographic changes, particularly the rising median income, may partially explain why no new LIHTC projects have been developed in zip code 90032 since 2011. However, the persistent income disparities and the significant Hispanic population suggest that affordable housing remains an important need in this community.
Zip code 90032 in Los Angeles has an established LIHTC-funded affordable housing inventory, with 351 total units across six projects developed between 1990 and 2011. While these units represent a small percentage of the estimated housing stock, they provide crucial affordable options for low-income residents. The area has seen demographic shifts in recent years, including a slight population decrease and rising median income. Despite these changes, the diverse unit types offered by LIHTC projects continue to serve an important role in meeting the area's affordable housing needs.
