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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 75605 in Longview, Texas, contains a diverse affordable housing inventory funded by the Low-Income Housing Tax Credit (LIHTC) program. This area has 197 total units in LIHTC-funded projects, with 140 designated as low-income units. Based on the 2022 population of 33,674 and an estimated 12,902 housing units, the LIHTC-funded affordable housing represents approximately 1.53% of the zip code's estimated housing inventory.
The LIHTC projects in this zip code have received $85,700 in tax credits, averaging about $435 per unit when divided by the total number of LIHTC-funded units. This funding represents 0.07% of the total LIHTC credits allocated to Texas, indicating a relatively small but notable contribution to the state's affordable housing efforts.
The affordable housing inventory in this zip code includes a mix of unit types. There are 18 one-bedroom units, 36 two-bedroom units, and 2 three-bedroom units, providing options for various household sizes. The presence of different unit sizes suggests an effort to accommodate diverse family structures within the low-income community.
Among the notable projects, Amberwood Place, completed in 2014, stands out as a significant contributor with 78 low-income units. This project represents the most recent addition to the zip code's affordable housing stock, indicating ongoing efforts to address housing needs in the area.
Over the past decade, the zip code has experienced steady population growth, increasing from 27,688 in 2010 to 33,674 in 2022. This 21.6% population increase suggests a growing demand for housing, including affordable options. The median income has fluctuated but generally trended upward, rising from $67,661 in 2013 to $73,048 in 2022, a 7.9% increase. This income growth, while positive, may still leave a segment of the population in need of affordable housing options.
Racial demographics have shifted slightly, with the white population decreasing from 80% in 2013 to 73% in 2022, while the Black population increased from 11% to 15% during the same period. The Hispanic population has remained relatively stable at around 7-8%. These demographic changes may influence the need for culturally sensitive affordable housing solutions.
The 75605 zip code area has a modest LIHTC-funded affordable housing inventory, representing a small but important portion of its housing stock. The area has seen population growth and income increases over the past decade, potentially influencing the demand for affordable housing. While the LIHTC program has contributed to the area's affordable housing options, the relatively low percentage of affordable units compared to the total estimated housing inventory suggests there may be ongoing opportunities to address affordable housing needs in this growing community.