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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 70816 in Baton Rouge, Louisiana, contains Low-Income Housing Tax Credit (LIHTC) funded affordable housing. This area has 248 total units in LIHTC-funded projects, with 208 designated as low-income units. Based on the 2022 population of 42,558 and an estimated 16,306 housing units, LIHTC-funded affordable housing represents approximately 1.5% of the estimated housing inventory in this zip code.
The LIHTC projects in zip code 70816 have received $226,565 in tax credits, averaging about $914 per unit in federal funding. This funding represents 0.19% of Louisiana's total LIHTC allocation, indicating a modest investment in affordable housing for this specific area.
Affordable housing has been present in zip code 70816 since 1989, with the completion of the Sable Chase project. The most recent project with a known completion date is St Jean III, finished in 1998. This indicates a nearly decade-long period of LIHTC-funded affordable housing development in the area. The 1990s experienced the most activity in affordable housing construction, with multiple projects completed during this decade.
The housing mix in these LIHTC projects is diverse, featuring 105 one-bedroom units, 123 two-bedroom units, 16 three-bedroom units, and 4 four-bedroom units. This distribution indicates a focus on accommodating various household sizes, with a preference for smaller families or individuals.
Over the past decade, the population in zip code 70816 has remained relatively stable, with slight fluctuations. The median income has shown variability, with an increase to $74,269 in 2021, followed by a decrease to $59,139 in 2022. This recent income volatility may indicate changing economic conditions that could affect the need for affordable housing.
Racial demographics have shifted slightly in zip code 70816, with the Black population increasing from 35% in 2013 to 42% in 2022, while the White population decreased from 49% to 40% over the same period. The Hispanic population has grown from 7% to 9%, suggesting increasing diversity in the area.
Zip code 70816 in Baton Rouge has an established LIHTC-funded affordable housing presence, representing about 1.5% of the estimated housing inventory. The area experienced significant affordable housing development in the 1990s, with a diverse mix of unit sizes to accommodate various household needs. Recent demographic trends show a relatively stable population with increasing racial diversity and fluctuating median income levels, which may influence future affordable housing needs in the area.