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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Arlington zip code 22209, located in Virginia, has a population of 12,955 as of 2022. This zip code features a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing, with 551 units in LIHTC-funded projects, including 186 low-income units. The LIHTC-funded affordable housing comprises approximately 11.1% of the total housing stock in this zip code, based on an estimated housing inventory of 4,964 units.
The LIHTC program has made substantial investments in zip code 22209, with project tax credits totaling $3,107,446. This equates to an average federal funding of $5,639 per LIHTC-funded unit. Zip code 22209 accounts for 0.68% of the total LIHTC funding allocated to Virginia, indicating a concentrated affordable housing investment in this area.
Affordable housing has been a consistent feature of zip code 22209 for 17 years, with LIHTC projects spanning from 2000 to 2017. The initial LIHTC project, Marbella, was completed in 2000, while the most recent, Union On Queen, was finished in 2017. The 2010s saw the most significant affordable housing development, with two out of three projects completed during this decade.
The LIHTC-funded housing in zip code 22209 offers diverse unit types. Among the 551 total units, there are 14 efficiencies, 193 one-bedroom units, 88 two-bedroom units, and 18 three-bedroom units. This variety accommodates different household sizes and needs within the low-income population.
Zip code 22209 has experienced steady population growth over the past decade, increasing from 11,136 in 2013 to 12,955 in 2022. The median income has remained relatively stable, fluctuating between $115,353 and $127,911 during this period. Despite the high median income, the presence of LIHTC projects indicates a recognized need for affordable housing options in this area.
Racial demographics in zip code 22209 have shown slight shifts. The white population decreased from 62% in 2013 to 59% in 2022, while the Hispanic population increased from 12% to 16% during the same period. The Asian population has remained relatively stable at around 17-18%. These demographic changes may have influenced the continued development of affordable housing in the area to maintain diversity and inclusivity.
The analysis of LIHTC-funded affordable housing in zip code 22209 reveals a significant investment in affordable housing, with projects spanning nearly two decades. The 551 LIHTC-funded units, including 186 low-income units, contribute to about 11.1% of the estimated housing stock. The area has seen consistent population growth and demographic shifts, which may have influenced the continued development of affordable housing. The diverse range of unit types in LIHTC projects caters to various household sizes, reflecting an effort to meet the diverse needs of the low-income population in this high-income area.