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Affordable Housing Landscape in Anaheim's 92804 Zip Code: LIHTC-Funded Projects and Demographic Shifts
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The zip code 92804 in Anaheim contains a significant inventory of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. This area encompasses 824 total units in LIHTC-funded projects, with 642 specifically designated as low-income units. Based on the estimated housing inventory of 34,025 units for this zip code, the LIHTC-funded affordable housing represents approximately 2.42% of the total housing stock.
The LIHTC program has invested substantially in this zip code, with project tax credits totaling $7,478,714. This translates to an average federal funding of about $9,076 per unit across all LIHTC-funded projects. Notably, this zip code accounts for 0.24% of the total LIHTC funding allocated to California.
Affordable housing has been a long-standing feature of this community, with projects spanning from 1989 to 2016. The earliest recorded project, Magnolia Acres, was completed in 1989, while Pebble Cove represents the most recent addition in 2016. The year 2014 saw the highest concentration of affordable housing completions, with four projects finished: Calendula Court, Stonegate Apt Homes, Stonegate Apt Homes II, and Cerritos Avenue Apts.
The LIHTC-funded projects in this zip code offer a diverse range of unit types. Out of the 824 total units, there are 22 efficiencies, 376 one-bedroom units, 231 two-bedroom units, 146 three-bedroom units, and 1 four-bedroom unit. This distribution suggests a focus on accommodating various household sizes and needs.
Some projects cater to specific populations. For instance, Casa Alegre targets individuals with special needs, while Cerritos Avenue Apts is designed for those with mental illness. These specialized projects demonstrate an effort to address diverse housing needs within the community.
Over the past decade, the 92804 zip code has experienced demographic shifts that may correlate with its LIHTC housing developments. The population has remained relatively stable, with minor fluctuations, reaching 88,805 in 2022. Median income has shown an overall upward trend, increasing from $63,334 in 2013 to $71,013 in 2022, which might indicate changing economic conditions in the area.
Racial demographics have also evolved. The Hispanic population has remained the largest group, consistently representing about 46-48% of the population. The Asian population has slightly increased from 23% to 25%, while the White population has decreased from 25% to 20%. These shifts may reflect changing housing needs and could influence future affordable housing developments.
The 92804 zip code in Anaheim demonstrates a consistent commitment to affordable housing through the LIHTC program. With 17 projects providing 824 units, including 642 low-income units, this area has utilized federal funding to create diverse housing options. The projects span nearly three decades, with a notable surge in development in 2014. While LIHTC-funded units represent a small percentage of the estimated total housing stock, they play a crucial role in providing affordable options, including specialized housing for vulnerable populations. The demographic trends over the past decade, including income growth and racial composition changes, may continue to shape the affordable housing landscape in this zip code.
