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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The zip code 59521 in Montana, which includes Rocky Boy's Agency, contains 33 affordable housing units funded through the Low-Income Housing Tax Credit (LIHTC) program. Based on the 2022 population of 3,069 and an estimated 1,176 housing units in the zip code, LIHTC-funded affordable housing comprises approximately 2.81% of the estimated housing inventory.
The LIHTC program has invested $6,845,524 in project tax credits in this zip code, averaging about $207,440 per unit in federal funding. Notably, this zip code accounts for 3.72% of Montana's total LIHTC funding, indicating a substantial investment in affordable housing for this area.
The sole LIHTC project in this zip code, Chippewa Cree Homes I, was completed in 2016. This project consists of 33 units, focusing on larger family accommodations with 12 three-bedroom units and 21 four-bedroom units.
Over the past decade, the zip code has experienced population fluctuations, with a general upward trend from 2,550 in 2010 to 3,069 in 2022. The median income has shown variability, peaking at $42,831 in 2013 and decreasing to $33,649 in 2022. This income trend may indicate an ongoing need for affordable housing options.
The racial composition of the area has remained relatively stable, with Native Americans consistently representing the majority of the population, accounting for around 85-90% of residents. This demographic consistency suggests that the LIHTC project may be particularly beneficial for the Native American community in the area.
The 59521 zip code has a single LIHTC-funded affordable housing project, Chippewa Cree Homes I, completed in 2016. This project represents a significant investment, accounting for 3.72% of Montana's LIHTC funding. The 33 units, primarily consisting of three and four-bedroom apartments, cater to larger families and contribute to addressing affordable housing needs in a community with a predominantly Native American population. While the LIHTC-funded units cover a small percentage of the estimated housing inventory, they represent an important step in providing affordable housing options in this rural Montana zip code.