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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 77480 in Texas contains 80 affordable housing units funded through the Low-Income Housing Tax Credit (LIHTC) program. All 80 units are designated as low-income units. The estimated housing inventory in this zip code is 2,857 units, based on the 2022 population and national average household size. LIHTC-funded affordable housing comprises 2.8% of the estimated housing inventory in this zip code.
Three LIHTC-funded projects exist in zip code 77480: Sweeny Manor Senior Citizens, Windmill Run Aptsnt Homes, and Mckinney Manor Apartments. The earliest known completion date for these projects is 1994, indicating the presence of affordable housing in this zip code for at least 29 years. The housing unit breakdown shows 28 one-bedroom units and 4 two-bedroom units out of the 80 total units, suggesting a focus on smaller household sizes in the affordable housing inventory.
Sweeny Manor Senior Citizens, completed in 1994, provides 32 units specifically designed for senior citizens, addressing the unique housing needs of older residents in the area.
The population in zip code 77480 has generally increased from 6,859 in 2014 to 7,457 in 2022. The median income has shown variability, rising from $61,116 in 2014 to $63,433 in 2022, with fluctuations in between. Racial demographics have shifted over this period. The white population decreased from 71% in 2014 to 59% in 2022, while the Hispanic population increased from 12% to 25%. The Black population remained relatively stable, changing from 14% to 12%. These demographic changes may indicate an evolving need for affordable housing options in the area.
The LIHTC program has contributed to the affordable housing inventory in zip code 77480 with 80 low-income units across three projects. This represents a small percentage of the estimated housing stock but provides important housing options for low-income residents. The focus on senior housing with the Sweeny Manor Senior Citizens project addresses the needs of a specific demographic. The changing population dynamics and income levels over the past decade suggest that ongoing assessment of affordable housing needs in this area may be beneficial.