Zip code 92117 features one significant LIHTC-funded project, Sorrento Tower Housing, completed in 2011. This development has provided affordable housing options in the area for over a decade. Sorrento Tower Housing consists of 196 units, including 13 efficiencies, 67 one-bedroom units, and 1 two-bedroom unit. The prevalence of smaller units indicates a focus on housing for individuals or small families.

Over the past decade, zip code 92117 has experienced demographic changes. The population decreased slightly from 53,731 in 2017 to 53,434 in 2022. Median income increased from $84,196 in 2017 to $100,458 in 2022, suggesting an overall improvement in economic conditions for residents.

Racial demographics in zip code 92117 have evolved. The white population decreased from 60% in 2017 to 56% in 2022. The Hispanic population increased slightly from 24% to 25%. The Asian population remained stable at approximately 9-10%. The Black population increased from 1% to 3%. The proportion of residents identifying as two or more races doubled from 3% to 6% during this period.

These demographic shifts, particularly the rising median income, may influence the ongoing need for affordable housing in zip code 92117. However, the persistent presence of diverse racial groups and the slight population decrease suggest that maintaining affordable housing options remains important for community stability and diversity.

Zip code 92117 in San Diego has a modest LIHTC-funded affordable housing presence, with 196 units concentrated in one project completed in 2011. This represents a small fraction of the estimated total housing stock but provides crucial low-income housing options. The area has experienced demographic shifts, including rising median incomes and evolving racial composition, which may impact future affordable housing needs. Continued monitoring of these trends will be essential for addressing the community's changing affordable housing requirements.