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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 92117 in San Diego, California, contains a notable Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. This area encompasses 196 affordable housing units, all categorized as low-income units. The zip code spans 8.71 square miles and had a population of 53,434 in 2022.
The estimated housing inventory in zip code 92117 is 20,473 units. LIHTC-funded affordable housing comprises approximately 0.96% of the total housing stock in this zip code. This percentage suggests the presence of affordable housing, though it may not fully address the needs of the low-income population in the area.
The LIHTC program has allocated $641,405 in tax credits for affordable housing projects in zip code 92117. This investment averages $3,272 per unit across the 196 total units. The funding represents 0.02% of the total LIHTC allocation to California, indicating a relatively small portion of the state's overall affordable housing efforts.
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.