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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The zip code 79109 in Amarillo, Texas, contains a diverse Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. This area has 400 total affordable units, all designated as low-income units. Based on the 2022 population of 41,888 and an estimated 16,049 housing units, the LIHTC funded affordable housing covers approximately 2.49% of the zip code's estimated housing inventory.
The zip code 79109 contains 5 LIHTC funded projects, contributing significantly to the area's affordable housing stock. The available unit breakdown shows 141 one-bedroom units, 198 two-bedroom units, and 16 three-bedroom units, offering a range of options for different household sizes.
The earliest recorded LIHTC project in zip code 79109 is Southwood Apartments, completed in 1989, followed by Driftwood Apartments in 1992. This indicates that affordable housing has been present in this community for over three decades. The 1980s and early 1990s appear to be the most active period for LIHTC development in this area.
Over the past decade, the population in zip code 79109 has remained relatively stable, fluctuating between 41,000 and 43,000 residents. The median income has shown an overall upward trend, increasing from $64,615 in 2013 to $69,123 in 2022, with a peak of $74,572 in 2021. This growth in median income might indicate a changing economic landscape in the area.
Racial demographics have evolved in zip code 79109. The white population has decreased slightly from 78% in 2013 to 69% in 2022, while the Hispanic population has grown from 15% to 20% during the same period. There has also been a small increase in the Black population and those identifying as two or more races. These demographic shifts could potentially influence future affordable housing needs in the zip code.
Zip code 79109 in Amarillo has an established LIHTC funded affordable housing presence, with projects dating back to the late 1980s. While the current inventory covers a small percentage of the estimated housing units, it provides 400 low-income units across various configurations. The area has experienced steady population levels, increasing median income, and gradual racial diversification over the past decade. These factors, combined with the long-standing presence of LIHTC projects, suggest a continued need for affordable housing options in this community.