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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 46614 in South Bend, Indiana, contains 108 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. These units, all designated as low-income, represent approximately 0.96% of the estimated 11,230 housing units in the zip code. This suggests that LIHTC projects contribute to the affordable housing stock in the area.
The LIHTC projects in zip code 46614 received $800,000 in tax credits, averaging about $7,407 per unit. This funding represents 0.19% of the total LIHTC credits allocated in Indiana. The affordable housing inventory in this zip code consists of 7 one-bedroom units, 52 two-bedroom units, 36 three-bedroom units, and 13 four-bedroom units. The earliest recorded LIHTC project in this zip code is Prairie Apts Phase I, completed in 2008.
The population in zip code 46614 has decreased slightly from 30,499 in 2013 to 29,311 in 2022. During this period, the median income has risen from $55,917 in 2013 to $60,010 in 2022. Racial demographics have shifted, with the white population decreasing from 79% in 2013 to 72% in 2022, while the Black population increased from 12% to 14%, and the Hispanic population from 4% to 9% during the same period.
Zip code 46614 in South Bend, Indiana, has a modest LIHTC-funded affordable housing presence, with 108 units representing about 0.96% of the estimated housing inventory. The area received $800,000 in tax credits, contributing to a diverse mix of unit sizes to accommodate various household needs. The population has remained relatively stable over the past decade, with slight shifts in racial demographics and a gradual increase in median income. These factors, combined with the long-standing presence of LIHTC projects since 2008, suggest an ongoing commitment to providing affordable housing options in this community.