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Affordable Housing Analysis in Zip Code 85304: Three Decades of LIHTC Projects
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 85304 in Glendale, Arizona, has a population of 27,744 as of 2022 and covers an area of 5.3 square miles. The Low-Income Housing Tax Credit (LIHTC) program has funded affordable housing in this area, contributing 368 total units, of which 246 are designated as low-income units. Based on the estimated housing inventory of 10,630 units, LIHTC-funded affordable housing represents approximately 3.5% of the total housing stock in this zip code.
The LIHTC program has supported two projects in this zip code: Galleria Phase I and Galleria Apts II. These projects were completed in 1990 and 1996, respectively, indicating that affordable housing has been present in this area for over three decades. The 1990s saw the most LIHTC development activity in this zip code.
The housing inventory consists primarily of one-bedroom and two-bedroom units, with 134 one-bedroom and 234 two-bedroom units across the LIHTC projects. This distribution suggests a focus on accommodating smaller households or families.
Over the past decade, the population in zip code 85304 has remained relatively stable, fluctuating between 26,000 and 28,000 residents. The median income has shown an upward trend, increasing from $70,412 in 2013 to $75,668 in 2022, with a notable peak of $81,584 in 2021.
Racial demographics have seen some shifts. The Hispanic population has increased from 23% in 2013 to 28% in 2022. The white population has decreased slightly from 65% to 62% during the same period. Asian and Black populations have remained relatively stable, each representing about 3-5% of the population.
The stability in population and the increase in median income might suggest that the need for additional affordable housing has not significantly increased in recent years. However, the growing Hispanic population and the overall income growth could indicate changing housing needs that may require attention in future housing policies.
Zip code 85304 in Glendale, Arizona, has a modest LIHTC-funded affordable housing inventory, representing about 3.5% of the estimated total housing stock. The two LIHTC projects, both completed in the 1990s, have provided a consistent source of affordable housing for over 30 years. While the population has remained stable, there have been notable increases in median income and shifts in racial demographics, particularly growth in the Hispanic population. These demographic changes may influence future affordable housing needs in the area.
