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Affordable Housing Analysis in Zip Code 59722: Anaconda-Deer Lodge County, Montana's LIHTC Inventory
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 59722 in Anaconda-Deer Lodge County, Montana, has a population of 5,599 as of 2022 and covers an area of 351.82 square miles. This zip code contains two Low-Income Housing Tax Credit (LIHTC) funded affordable housing projects, providing a total of 48 units, of which 45 are designated as low-income units. Based on the estimated housing inventory of 2,145 units, the LIHTC funded affordable housing covers approximately 2.2% of the zip code's housing stock.
The LIHTC projects in this zip code have received $45,189 in tax credits, averaging $941 per unit in federal funding. This funding represents 2% of Montana's total LIHTC allocations, indicating a modest but significant investment in affordable housing for this area.
Affordable housing has been present in this zip code for nearly three decades. The first project, Deer Lodge Apartments, was completed in 1993, while the most recent, Pebblestone Square (formerly Lavatta Villa), was finished in 2000. The 1990s saw the most affordable housing development activity in this area.
The inventory of LIHTC funded affordable housing in this zip code consists of 7 efficiencies, 30 one-bedroom units, and 11 two-bedroom units. This distribution suggests a focus on smaller household sizes, potentially catering to single individuals or small families.
Over the past decade, the population in this zip code has shown a slight increase, growing from 5,440 in 2013 to 5,599 in 2022. The median income has fluctuated, rising from $44,733 in 2013 to $48,869 in 2022, with some years seeing higher figures.
The racial composition of the area has remained relatively stable, with a predominantly white population (86% in 2022). However, there has been a small increase in diversity, with slight growth in Asian, Black, Hispanic, and Native American populations.
Despite these demographic changes, no new LIHTC projects have been developed in the last decade. This could be due to various factors, including potentially sufficient existing affordable housing stock or changes in funding priorities.
The 59722 zip code in Montana has a modest LIHTC funded affordable housing inventory, covering about 2.2% of the estimated housing stock. The area has seen two LIHTC projects developed between 1993 and 2000, providing 48 units primarily consisting of one-bedroom apartments. While the population has grown slightly and become more diverse over the past decade, no new LIHTC projects have been added during this time. The existing projects represent a small but important contribution to the area's affordable housing needs, though they may not fully meet the estimated demand for low-income housing in the zip code.
