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Affordable Housing Analysis in Zip Code 59711: Georgetown Commons LIHTC Project in Anaconda-Deer Lodge County, Montana
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 59711 in Anaconda-Deer Lodge County, Montana, has a population of 8,522 as of 2022. This rural area contains one Low-Income Housing Tax Credit (LIHTC) funded project, providing 10 affordable housing units, including 1 low-income unit. The LIHTC funded affordable housing comprises approximately 0.31% of the zip code's estimated housing inventory of 3,265 units.
The LIHTC project in zip code 59711 received $99,213 in tax credits, averaging $9,921 per unit. This funding represents 0.05% of Montana's total LIHTC allocation, indicating a small portion of the state's affordable housing investment in this area. The sole LIHTC project, Georgetown Commons, was completed in 2006 and has been providing affordable housing options for over 15 years. The development consists of 4 two-bedroom units and 6 three-bedroom units, catering to small families and households.
The population in zip code 59711 has remained relatively stable over the past decade, with slight fluctuations. It increased from 8,085 in 2020 to 8,522 in 2022, showing a recent uptick. Median income has also varied, rising from $45,555 in 2020 to $45,767 in 2022, with a peak of $49,877 in 2021. The racial composition of the zip code has remained predominantly white, consistently around 90% throughout the decade. There has been a slight increase in diversity, with small increases in Hispanic, Native American, and multi-racial populations.
Despite demographic changes, no new LIHTC projects have been developed in zip code 59711 in the last decade. This could be due to various factors, including limited population growth, relatively stable median income, or potentially other affordable housing initiatives not captured in the LIHTC data.
Zip code 59711 in Anaconda-Deer Lodge County, Montana, has a single LIHTC funded affordable housing project, Georgetown Commons, which provides 10 units of affordable housing. While this represents a small percentage of the estimated housing stock, it has been a consistent source of affordable housing since 2006. The area has seen slight population growth and income fluctuations in recent years, but no new LIHTC developments have been added. The racial composition remains predominantly white, with small increases in diversity. This analysis provides an objective view of the LIHTC funded affordable housing landscape in this zip code, recognizing that other housing programs may also contribute to meeting affordable housing needs in the area.
