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Affordable Housing in Zip Code 21209: Analysis of LIHTC Projects and Demographic Shifts
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The zip code 21209 in Baltimore, Maryland, has a population of 29,072 as of 2022. This area contains two Low-Income Housing Tax Credit (LIHTC) funded affordable housing projects, which provide 250 low-income units. These units represent approximately 2.24% of the estimated 11,139 housing units in the zip code.
The LIHTC program has contributed to affordable housing in this zip code for nearly two decades. Park View At Coldspring, completed in 2000, offers 99 low-income units. Ruscombe Gardens, finished in 2008, adds 151 low-income units to the area's affordable housing inventory.
The 2000s saw the most affordable housing development activity in this zip code, with both projects being completed during this decade. Park View At Coldspring provides 91 one-bedroom and 8 two-bedroom units, accommodating various household sizes and needs.
From 2013 to 2022, the zip code experienced population growth, increasing from 27,951 to 29,072. The median income also increased overall, rising from $85,391 in 2013 to $91,896 in 2022, despite some fluctuations.
The racial composition of the area has changed, with the white population decreasing from 74% in 2013 to 68% in 2022. The Black population increased from 13% to 22% during the same period. The Asian and Hispanic populations remained relatively stable, with minor variations.
No new LIHTC projects have been built in the last decade. However, the demographic shifts, particularly the increase in the Black population and overall population growth, may indicate a potential need for additional affordable housing options in the future.
The 21209 zip code in Baltimore has two LIHTC funded affordable housing projects, providing 250 low-income units. These projects, completed in 2000 and 2008, represent about 2.24% of the estimated housing inventory. The area has experienced population growth and demographic changes over the past decade, which may influence future affordable housing needs. The existing LIHTC projects contribute to the area's housing diversity, offering various unit types to accommodate different household sizes.
