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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 37665 in Kingsport, Tennessee, contains 37 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. These units, all designated as low-income, represent approximately 2.25% of the estimated 1,643 housing units in the zip code. The LIHTC program has invested $441,639 in tax credits for affordable housing projects in this zip code, averaging $11,936 per unit in federal funding. This zip code accounts for 0.1% of Tennessee's total LIHTC funding allocation.
The Walker Rosa Apartments, completed in 2008, is the only LIHTC project in the area. This development has provided affordable housing options to the community for over a decade. The project consists of 37 units, primarily composed of two-bedroom apartments (27 units) and one three-bedroom unit.
The zip code's population has fluctuated over the past decade, showing a slight overall increase from 4,097 in 2010 to 4,288 in 2022. The median income has consistently risen from $23,531 in 2013 to $36,711 in 2022, indicating improving economic conditions for residents. Racial demographics have remained relatively stable, with a predominantly white population increasing slightly from 88% in 2013 to 92% in 2022. Other racial groups represent a small portion of the overall population with minor fluctuations.
The completion of the Walker Rosa Apartments in 2008 predates the available demographic data. However, the steady increase in median income and relatively stable population suggest that the existing LIHTC project continues to serve an important role in providing affordable housing options in the area.
Zip code 37665 in Kingsport, Tennessee, has a single LIHTC funded affordable housing project, the Walker Rosa Apartments, which provides 37 low-income units. This project represents a small but significant portion (2.25%) of the estimated housing inventory in the zip code. The area has experienced a gradual increase in median income over the past decade, with a stable population and racial composition. The presence of the LIHTC project likely continues to play a crucial role in maintaining affordable housing options for lower-income residents in this community.