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Affordable Housing Analysis in San Angelo, Texas Zip Code 76904: LIHTC Inventory and Demographic Shifts
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 76904 in San Angelo, Texas, demonstrates a specific affordable housing landscape supported by the Low-Income Housing Tax Credit (LIHTC) program. This zip code covers 416.11 square miles and has an estimated population of 38,596 as of 2022. The LIHTC program has funded 232 total units in this zip code, with 216 of these designated as low-income units. Based on the estimated 14,788 housing units in the zip code, LIHTC-funded affordable housing comprises approximately 1.57% of the total housing inventory.
The zip code contains three LIHTC-funded projects: Bent Tree Apartments, Kirby Park Villas, and Glenn Park Apartments. Bent Tree Apartments, completed in 1999, is the earliest known project in the area, indicating that affordable housing has been present in this zip code for at least 23 years.
Of the 232 total units in LIHTC-funded projects, 72 are two-bedroom units and 4 are three-bedroom units. This distribution indicates a focus on accommodating small to medium-sized families in the area's affordable housing stock.
Over the past decade, the zip code has experienced population growth, increasing from 33,281 in 2013 to 38,596 in 2022. Median income has also risen, from $66,519 in 2013 to $73,754 in 2022, indicating overall economic improvement in the area.
Racial demographics have shifted, with the Hispanic population increasing from 17% in 2013 to 31% in 2022, while the white population decreased from 75% to 62% during the same period. The Black population remained relatively stable at around 3-4%.
Despite these demographic changes and population growth, there does not appear to have been significant new LIHTC development in recent years. This could suggest that other affordable housing programs or existing inventory may be meeting the area's needs, or that there may be opportunities for future LIHTC development to address evolving housing demands.
Zip code 76904 in San Angelo, Texas, has a modest LIHTC-funded affordable housing presence, with 232 total units across three projects. This represents a small percentage of the estimated total housing inventory, but has provided consistent affordable housing options for over two decades. The area has experienced population growth and increased racial diversity over the past ten years, along with rising median incomes. These demographic shifts may inform future affordable housing needs and potential LIHTC developments in the zip code.
