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Affordable Housing Landscape in Zip Code 90732: The Navy Village Project
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 90732 in Los Angeles, California, exhibits a specific affordable housing profile supported by the Low-Income Housing Tax Credit (LIHTC) program. This area, with a population of 21,575 in 2022, contains 74 total units in LIHTC-funded projects, of which 73 are designated as low-income units. Based on the estimated 8,266 housing units in the zip code, LIHTC-funded affordable housing comprises approximately 0.89% of the housing inventory.
The LIHTC program has allocated $1,765,267 in tax credits to zip code 90732, averaging about $23,855 per unit in federal funding. This investment represents 0.06% of California's total LIHTC funding, indicating a small but notable contribution to the state's affordable housing efforts.
The single LIHTC project in zip code 90732 is Navy Village, also known as Blue Butterfly Village, completed in 2015. This project consists entirely of two-bedroom units, suggesting a focus on accommodating small families or individuals requiring additional space.
Over the past decade, zip code 90732 has experienced fluctuations in population, with a slight overall increase from 19,746 in 2013 to 21,575 in 2022. The median income has shown an upward trend, rising from $94,527 in 2013 to $101,546 in 2022, with some year-to-year variations.
Racial demographics have shifted during this period. The white population decreased from 58% in 2013 to 49% in 2022, while the Hispanic population increased slightly from 27% to 31%. The Asian population grew from 6% to 11%, and the Black population remained relatively stable, moving from 3% to 4%.
The completion of Navy Village in 2015 coincides with a period of population growth and increasing racial diversity in the area. This suggests that the LIHTC project may have been developed in response to changing community needs and demographics.
Zip code 90732 has a modest LIHTC-funded affordable housing presence, with one project providing 74 units of two-bedroom housing. While this represents a small percentage of the total housing stock, it marks a significant investment in affordable housing for the area. The demographic trends over the past decade, including population growth and increasing diversity, align with the timing of the LIHTC project's completion, potentially reflecting a response to evolving community needs.
