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Affordable Housing Analysis in Zip Code 07036: LIHTC Funded Units 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 07036, located in Linden, New Jersey, has a population of 45,148 as of 2022. This area has utilized the Low-Income Housing Tax Credit (LIHTC) program to fund 258 affordable housing units, with 253 designated as low-income units. Based on an estimated housing inventory of 17,298 units, LIHTC-funded affordable housing comprises approximately 1.49% of the zip code's housing stock.
The LIHTC program has invested $1,237,763 in tax credits for affordable housing projects in zip code 07036. This equates to an average federal funding of $4,797 per unit. Zip code 07036 accounts for 0.17% of the total LIHTC funding allocated to New Jersey.
Affordable housing development in zip code 07036 occurred between 2005 and 2012. The earliest project, Oak Park Apartments, and the most recent, Morningstar Senior Citizen Housing, represent significant additions to the area's affordable housing inventory. The 2000s decade saw the highest number of affordable housing project completions in this zip code.
The population in zip code 07036 has increased from 42,375 in 2013 to 45,148 in 2022, indicating steady growth. Median income has risen from $73,284 in 2013 to $78,754 in 2022, suggesting overall economic growth in the area.
Racial demographics in zip code 07036 have shifted. The Hispanic population increased from 27% in 2013 to 34% in 2022, while the White population decreased from 43% to 35% during the same period. The Black population has remained relatively stable at approximately 27-28%. These demographic changes may influence future affordable housing needs and planning in the zip code.
Zip code 07036 has a modest LIHTC-funded affordable housing inventory, comprising about 1.49% of its estimated housing stock. The area experienced investment in affordable housing projects between 2005 and 2012, with the most recent project focusing on senior citizen housing. Population growth, increased median income, and shifts in racial demographics over the past decade may influence future affordable housing needs and development in zip code 07036.
