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Affordable Housing Analysis in Zip Code 83644: Singular LIHTC Project Amidst Population Growth
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 83644 in Middleton, Idaho, contains one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project. This project, Mill Creek Commons, provides 34 low-income units, all designated as affordable housing. The LIHTC-funded affordable housing comprises approximately 0.59% of the estimated 5,775 housing units in the zip code.
The LIHTC program has invested $213,621 in tax credits for affordable housing in zip code 83644. This equates to an average federal funding of $6,283 per unit. This funding represents 0.26% of Idaho's total LIHTC allocation, indicating a small portion of the state's affordable housing investment in this area.
Mill Creek Commons, completed in 2004, is both the first and only LIHTC-funded affordable housing project in zip code 83644. This development has provided affordable housing options for nearly two decades. It consists of 14 three-bedroom units and 2 two-bedroom units.
Zip code 83644 experienced significant population growth over the past decade, increasing from 10,016 in 2013 to 15,073 in 2022, a 50.5% increase. The median income rose from $59,379 in 2013 to $75,267 in 2022, a 26.8% increase.
The racial composition of zip code 83644 remained relatively stable. The white population decreased slightly from 85% in 2013 to 81% in 2022. The Hispanic population increased from 8% in 2013 to 11% in 2022, with a peak of 13% in 2021.
Despite substantial population growth and rising median income, no additional LIHTC projects have been developed in zip code 83644 in the past decade. This could be due to various factors, including changes in local housing policies, shifts in funding priorities, or other affordable housing programs meeting the area's needs.
Zip code 83644 in Middleton, Idaho, has one LIHTC-funded affordable housing project, Mill Creek Commons, serving the community since 2004. This project provides 34 low-income units, representing a small fraction of the area's estimated housing inventory. The zip code experienced significant population growth and increased median income over the past decade, with no new LIHTC projects developed during this time. The racial composition remained relatively stable, with a slight increase in diversity. These demographic trends suggest a changing landscape that may require reassessment of affordable housing needs in zip code 83644 in the future.
