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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The zip code 06811 in Danbury, Connecticut, contains a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 28 units. All of these units are designated as low-income. This LIHTC-funded housing represents approximately 0.24% of the estimated 11,789 housing units in the zip code.
The LIHTC program has allocated $512,277 in tax credits for affordable housing projects in zip code 06811. This equates to an average federal funding of $18,296 per unit. The zip code accounts for 0.48% of the total LIHTC funding allocated to Connecticut.
Samuels Court Apartments, completed in 2009, is the only LIHTC-funded project in this area. This development initiated LIHTC-supported affordable housing in zip code 06811, maintaining a presence in the community for over a decade. Samuels Court Apartments comprises 28 units, consisting of 22 one-bedroom and 6 two-bedroom apartments, indicating a focus on smaller households or individuals.
Zip code 06811 has experienced demographic changes over the past decade. The population has remained relatively stable, fluctuating between 30,000 and 32,000 residents. Median income has increased gradually from $92,410 in 2013 to $97,524 in 2022, suggesting a slight improvement in overall economic conditions.
Racial demographics in zip code 06811 have shown significant changes. The white population decreased from 72% in 2013 to 59% in 2022. Conversely, the Hispanic population increased from 12% to 21%, and the Black population grew from 7% to 11%. The Asian population remained relatively stable at approximately 5-6%.
Despite these demographic shifts, no new LIHTC-funded affordable housing projects have been developed in zip code 06811 since 2009. This lack of additional projects may be attributed to various factors, including changes in housing development priorities, the availability of alternative affordable housing programs, or shifts in local housing policies.
Zip code 06811 in Danbury, Connecticut, maintains a modest LIHTC-funded affordable housing presence, with 28 units in one project completed in 2009. This represents a small fraction of the estimated housing inventory. The zip code has experienced demographic changes over the past decade, particularly in racial composition, alongside a gradual increase in median income. These trends, combined with the absence of new LIHTC projects since 2009, indicate a complex interplay of factors influencing affordable housing development in this community.