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Affordable Housing Analysis in Zip Code 68157: LIHTC Funded Inventory and Demographic Shifts
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 68157 in Bellevue, Nebraska contains a distinct Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. This area comprises 4 total affordable units, all categorized as low-income units. Based on the 2022 population of 5,387 and utilizing the national average household size of 2.61, an estimated 2,064 housing units exist in this zip code. The LIHTC funded affordable housing represents approximately 0.19% of the estimated housing inventory in the area.
The LIHTC projects in zip code 68157 have received $14,976 in project tax credits, averaging $3,744 per unit. This zip code accounts for about 0.01% of Nebraska's total LIHTC funding. The Cooper Creek Duplex Units, completed in 1990, stand as the earliest and only known LIHTC project in this zip code, indicating the presence of affordable housing in the area for over three decades. The 1990s marked the most significant period of affordable housing development activity in this zip code.
The LIHTC inventory in zip code 68157 consists of two projects, each containing 2 units. Information regarding specific unit types (efficiencies, one-bedroom, etc.) is not available for these projects.
Over the past decade, the population in zip code 68157 has increased from 4,527 in 2013 to 5,387 in 2022, representing a growth of approximately 19%. The median income has fluctuated, beginning at $73,499 in 2013, declining to a low of $67,927 in 2017, and then rising to $74,221 in 2022.
Racial demographics in zip code 68157 have undergone slight changes. The white population has decreased from 80% in 2013 to 67% in 2022. The Hispanic population has grown from 14% to 19% during this period. The Asian population has also experienced an increase from 1% to 2%. Despite these demographic shifts, no new LIHTC development has occurred in the past decade, potentially indicating that other forms of affordable housing may be meeting the area's needs.
The LIHTC funded affordable housing in zip code 68157 constitutes a small fraction of the estimated housing inventory. The area received modest LIHTC funding, with all projects completed in 1990. Despite population growth and changes in racial demographics over the past decade, no new LIHTC development has taken place. This analysis provides insights into the affordable housing landscape of zip code 68157, though it is important to note that other affordable housing programs may also be contributing to the area's housing needs.
