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Analysis of Affordable Housing in Santa Rosa's 95407 Zip Code: Two Decades of LIHTC Projects
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 95407 zip code in Santa Rosa, California, exhibits a notable presence of affordable housing funded by the Low-Income Housing Tax Credit (LIHTC) program. This area contains 912 total units in LIHTC-funded projects, with 903 designated as low-income units. Given the estimated 16,611 housing units in the zip code, LIHTC-funded affordable housing comprises approximately 5.5% of the area's housing inventory.
LIHTC projects in this zip code have received $6,474,193 in project tax credits, averaging about $7,098 in federal funding per unit. This zip code accounts for 0.21% of California's total LIHTC funding, representing a modest but significant portion of the state's affordable housing investment.
Affordable housing has been a consistent feature in this zip code for over two decades. The earliest project, Northpoint Village Apartments, was completed in 1999, while the most recent, Sonoma Gardens, was finished in 2013. The early 2000s marked the peak of affordable housing development, with multiple projects completed between 1999 and 2005, including Panas Place, Quail Run, and Chelsea Gardens Apartments.
The LIHTC-funded projects in this zip code offer a range of unit types. There are 32 efficiencies, 159 one-bedroom units, 280 two-bedroom units, 294 three-bedroom units, and 32 four-bedroom units. This distribution indicates an effort to accommodate families of various sizes, with a focus on two- and three-bedroom units.
The zip code's population has grown from 40,843 in 2013 to 43,355 in 2022, an increase of about 6.2%. During this period, the median income increased from $66,724 in 2013 to $71,784 in 2022, a 7.6% rise. The racial composition has changed, with the Hispanic population growing from 48% in 2013 to 55% in 2022, while the white population decreased from 38% to 33%.
The absence of new LIHTC projects since 2013 may be attributed to the increasing median income and population growth, potentially indicating a reduced need for additional low-income housing during this period.
The 95407 zip code in Santa Rosa, California, demonstrates a significant commitment to affordable housing through its LIHTC-funded projects. With 903 low-income units, these developments constitute a substantial portion of the area's housing stock. The variety in unit types suggests an effort to meet the needs of diverse household sizes. Although no new LIHTC projects have been completed since 2013, the existing inventory continues to play a vital role in providing affordable housing options in this growing and demographically evolving community.
