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Affordable Housing in Zip Code 08889: Analysis of LIHTC Projects in White House Station
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
White House Station, located in zip code 08889 of New Jersey, contains Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The zip code has 78 affordable units, all designated as low-income. This LIHTC inventory comprises approximately 2.7% of the estimated 2,884 housing units in the zip code, based on the 2022 population of 7,528 and the national average household size of 2.61.
The LIHTC projects in zip code 08889 have received $1,458,040 in project tax credits, averaging about $18,693 per unit. This funding represents 0.19% of New Jersey's total LIHTC allocations, indicating a small but significant investment in affordable housing for this area.
The zip code has two LIHTC-funded projects: Mirota Senior Residence (Readington Senior) and Willows At Whitehouse Station. Mirota Senior Residence, completed in 1998, marks the beginning of LIHTC-funded affordable housing in this area. The 1990s saw the most affordable housing development in this zip code.
Willows At Whitehouse Station is the larger project, with 72 low-income units, while Mirota Senior Residence contributes 6 units. Information on the types of units is not available for these projects.
Over the past decade, the population in zip code 08889 has remained relatively stable, fluctuating between 7,200 and 7,600 residents. The median income has shown variability, peaking at $146,330 in 2018 and decreasing to $117,974 in 2022. This trend might indicate a growing need for affordable housing options in the area.
The racial composition of zip code 08889 has gradually diversified over the last decade. The white population decreased from 91% in 2013 to 82% in 2022, while Asian (from 2% to 5%), Hispanic (from 3% to 9%), and multi-racial (from 0% to 3%) populations increased. This demographic shift could potentially influence future affordable housing needs and development in the area.
The LIHTC program has played a crucial role in providing affordable housing in White House Station, with 78 low-income units across two projects. While this represents a small portion of the estimated housing inventory, it is a significant contribution to the area's affordable housing stock. The demographic trends, including income fluctuations and increasing diversity, suggest that the need for affordable housing may continue to evolve in this zip code. Ongoing monitoring of these trends will be essential for future affordable housing planning and development in the area.
