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Affordable Housing Analysis in Zip Code 68927: Bertrand's Two-Decade LIHTC Project
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 68927, located in Bertrand, Nebraska, contains a single Low-Income Housing Tax Credit (LIHTC) funded affordable housing project. This project, named Heritage Apts Of Bertrand, was completed in 2000 and consists of 5 two-bedroom units. These units represent the entirety of LIHTC-funded affordable housing in the area, accounting for approximately 1.18% of the estimated 424 housing units in the zip code as of 2022.
The LIHTC program has allocated $22,911 in tax credits to this zip code, which equates to an average federal funding of $4,582 per unit. This allocation represents 0.02% of the total LIHTC funding provided to Nebraska. The Heritage Apts Of Bertrand project has been providing affordable housing options in the area for over two decades.
Demographic trends in zip code 68927 show a gradual population decline from 1,261 in 2014 to 1,106 in 2022. Despite this decrease, the median income has increased from $57,838 in 2014 to $62,860 in 2022, suggesting an improvement in the economic conditions of the remaining residents.
The racial composition of zip code 68927 has remained relatively stable over the past decade. The white population consistently represents over 90% of the total, while the Hispanic population has fluctuated between 2% and 6% during this period.
No new LIHTC projects have been developed in this zip code since the completion of Heritage Apts Of Bertrand in 2000. This lack of new affordable housing development may be attributed to the declining population and increasing median income, potentially indicating a reduced need for additional affordable housing units in recent years.
In summary, zip code 68927 in Bertrand, Nebraska, features a single LIHTC-funded affordable housing project that has provided consistent housing options for over two decades. The area has experienced a declining population and increasing median income in recent years, which may have influenced the absence of new LIHTC developments. The demographic trends and existing affordable housing inventory provide insight into the current affordable housing landscape in this zip code.
