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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The zip code 77064 in Houston, Texas, contains a total of 368 affordable housing units funded by the Low-Income Housing Tax Credit (LIHTC) program. These units represent approximately 1.94% of the estimated 18,973 housing units in the zip code, based on the 2022 population and national average household size. All 368 units are designated as low-income units.
The LIHTC funded affordable housing development in this zip code spans over a decade. The first recorded project, Costa Vizcaya, was completed in 2008, while the most recent, Golden Bamboo Village II, was finished in 2011. This indicates a period of at least three years during which affordable housing has been present in the area.
The 2000s decade saw the most LIHTC affordable housing activity in this zip code. Costa Vizcaya, completed in 2008, is the largest project with 252 units, offering a mix of one to four-bedroom apartments. Golden Bamboo Village II, finished in 2011, added 116 more units to the affordable housing stock.
The LIHTC funded projects in zip code 77064 provide 12 one-bedroom units, 132 two-bedroom units, 96 three-bedroom units, and 12 four-bedroom units. This diverse mix of unit sizes suggests an effort to accommodate various household compositions within the low-income community.
Over the past decade, zip code 77064 has experienced demographic shifts that may correlate with the LIHTC housing developments. The population has grown from 47,321 in 2015 to 49,520 in 2022, indicating a steady increase in residents. Median income has also risen, from $75,245 in 2015 to $79,122 in 2022, suggesting overall economic growth in the area.
Racial demographics in zip code 77064 have shown notable changes. The Hispanic population has increased from 38% in 2015 to 42% in 2022, while the White population has decreased from 30% to 22% during the same period. The Black population has seen a slight increase from 12% to 17%. These shifts in racial composition may reflect changing housing needs and could influence future affordable housing developments.
Zip code 77064 in Houston has a modest LIHTC funded affordable housing inventory, covering nearly 2% of the estimated housing units. The area has seen LIHTC development primarily in the late 2000s and early 2010s, with two significant projects adding 368 low-income units to the community. The diverse unit mix suggests an attempt to meet various household needs. While there has not been recent LIHTC development, the area has experienced population growth, rising median incomes, and shifts in racial demographics over the past decade, factors that may influence future affordable housing needs and developments in the zip code.