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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 85745, located in Tucson Mountains, Arizona, contains a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The area encompasses 511 total units in LIHTC-funded projects, with 461 of these designated as low-income units. Based on the 2022 population of 37,026 and an estimated 14,186 housing units, the LIHTC-funded affordable housing covers approximately 3.6% of the zip code's estimated housing inventory.
The LIHTC projects in zip code 85745 have received $6,403,510 in project tax credits, averaging about $12,531 per unit. This zip code holds 3.12% of Arizona's total LIHTC funding, indicating a significant concentration of affordable housing investment in this area.
Affordable housing has been present in this zip code since at least 1995, with the completion of Boulder Terrace. The most recent projects, Greenview Apartments and Menlo Park Apartments, were completed in 2019, spanning over two decades of affordable housing development. The 2010s saw the most affordable housing projects completed, with four projects built during this decade.
The LIHTC-funded projects in zip code 85745 offer a diverse range of unit types. There are 230 one-bedroom units, 108 two-bedroom units, 79 three-bedroom units, and 31 four-bedroom units, catering to various household sizes and needs.
One notable project is Silverbell Homes, completed in 2007, which targets populations with Serious Mental Illness and HIV. This project likely provides specialized services and accommodations to meet the unique needs of these vulnerable groups.
Over the past decade, the zip code's population has remained relatively stable, fluctuating between 37,000 and 39,000 residents. The median income has shown an overall upward trend, increasing from $57,107 in 2013 to $63,010 in 2022, with a peak of $69,947 in 2021. This income growth may indicate a changing economic landscape in the area.
The racial demographics have remained relatively consistent, with Hispanic residents comprising the largest group at around 51-54% of the population. The white population has slightly increased from 36% to 39% between 2013 and 2022, while other racial groups have maintained stable percentages.
Zip code 85745 in Tucson Mountains, Arizona, has a notable LIHTC-funded affordable housing presence, covering about 3.6% of the estimated housing inventory. The area has seen consistent affordable housing development over two decades, with a concentration of projects completed in the 2010s. The LIHTC funding in this zip code represents a significant portion of Arizona's total allocation, indicating a focused effort to provide affordable housing in this area. While the population has remained stable, the slight increase in median income over the past decade suggests evolving economic conditions that may influence future affordable housing needs in the zip code.