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Affordable Housing Analysis in Zip Code 68008: Three Decades of LIHTC Development in Blair, Nebraska
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 68008, located in Blair, Nebraska, has a population of 11,887 as of 2022. This area contains 84 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units, all of which are designated as low-income units. These LIHTC-funded units represent approximately 1.85% of the zip code's estimated housing inventory of 4,554 units.
The LIHTC program has invested $444,385 in tax credits for affordable housing projects in zip code 68008. This investment equates to an average federal funding of $5,290 per unit. Zip code 68008 accounts for 0.38% of the total LIHTC funding allocated to Nebraska.
Affordable housing development in this zip code spans three decades. The first project, Rustic Oaks Apts, was completed in 1989. The most recent projects, Blair Apts and Blair Apts II, were both completed in 1996. The 1990s marked the period of most significant affordable housing development in this area.
The LIHTC-funded projects in zip code 68008 consist of 60 two-bedroom units and 12 three-bedroom units. This unit distribution indicates a focus on accommodating small to medium-sized families in the area.
The population in zip code 68008 has remained relatively stable over the past decade, with minor fluctuations. The median income has shown an upward trend, increasing from $62,716 in 2013 to $78,552 in 2022. This rise in median income may impact the demand for affordable housing in the area.
Racial demographics in zip code 68008 have remained consistent. The white population comprises the majority (95-96%) of residents throughout the past decade. There has been a slight increase in diversity, with small but stable percentages of Hispanic, Black, and multiracial residents.
The LIHTC program has contributed to providing affordable housing in zip code 68008, with 84 low-income units across three projects. These units represent a small percentage of the estimated housing stock but address affordable housing needs in the area. Affordable housing investment was most active in the 1990s, with no new LIHTC projects recorded in recent years. This fact, combined with the rising median income, suggests a potential shift in housing needs or priorities in the zip code. The stable population and consistent racial demographics indicate a relatively steady community composition over the past decade.
