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Affordable Housing Dynamics in Zip Code 59043: A Study of LIHTC Investment in Lame Deer, Montana
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 59043, located in Lame Deer, Montana, possesses a distinct LIHTC funded affordable housing inventory. The area contains 35 affordable housing units, with 34 classified as low-income units. This LIHTC funded housing represents approximately 3.2% of the total housing stock, estimated at 1,106 units for the zip code.
The LIHTC program has allocated $438,705 in project tax credits for affordable housing in zip code 59043. This equates to an average federal funding of $12,534 per unit. This investment constitutes 0.24% of Montana's total LIHTC funding, indicating a substantial allocation for this rural area.
The affordable housing landscape in zip code 59043 is characterized by a single project, Shoulderblade 1, completed in 2010. This project has provided affordable housing options for over a decade, demonstrating a sustained commitment to addressing housing needs in the area. The housing mix in Shoulderblade 1 is diverse, comprising 2 one-bedroom units, 14 two-bedroom units, and 1 three-bedroom unit, suggesting a focus on accommodating small to medium-sized families.
Demographic trends in zip code 59043 over the past decade may correlate with the presence of LIHTC funded housing. The population has remained relatively stable, decreasing slightly from 3,314 in 2020 to 2,886 in 2022. This stability potentially indicates a continued need for affordable housing options.
Median income in the area has fluctuated, increasing from $33,949 in 2013 to $48,732 in 2022. Despite this rise, the persistent demand for affordable housing suggests that a significant portion of the population continues to face economic challenges.
The racial composition of zip code 59043 has remained predominantly Native American, with this group comprising 91% of the population in 2022. This high concentration of Native American residents may indicate a specific need for culturally appropriate affordable housing solutions.
Zip code 59043 in Lame Deer, Montana, presents a distinct case study in LIHTC funded affordable housing. With 35 total units, 34 of which are designated as low-income, the LIHTC program has made a targeted investment in this rural area. The single project, Shoulderblade 1, has served the community for over a decade, providing a mix of unit sizes to accommodate various household needs. While the affordable housing stock covers a small percentage of the estimated total housing units, it represents a significant allocation of Montana's LIHTC funding. The area's demographic trends, including a stable population and a high concentration of Native American residents, underscore the ongoing importance of affordable housing initiatives in this zip code.
