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Affordable Housing in Zip Code 47130: Three Decades of LIHTC Projects in Jeffersonville, Indiana
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 47130 in Jeffersonville, Indiana, contains 413 units of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. Of these, 411 are designated as low-income units. The zip code spans 32.18 square miles and had a population of 47,506 in 2022. Based on the national average household size of 2.61, the estimated number of housing units in the zip code is 18,202. LIHTC-funded affordable housing units represent approximately 2.27% of the estimated housing inventory in this area.
LIHTC-funded affordable housing projects in zip code 47130 date back to 1990, indicating over three decades of affordable housing presence. The 1990s saw the highest number of affordable housing project completions, with developments such as "Beechwood" and "Prestwick Square Of Jeffersonville" constructed during this period. The most recent project, "Hallmark Jeffersonville," was completed in 2007.
The LIHTC-funded projects in this zip code offer a range of unit types. The 413 total units consist of 1 efficiency unit, 37 one-bedroom units, 250 two-bedroom units, 81 three-bedroom units, and 8 four-bedroom units. This distribution indicates accommodation for various household sizes, with a predominance of two-bedroom units.
Zip code 47130 has experienced steady population growth over the past decade, increasing from 44,026 in 2014 to 47,506 in 2022. The median income has also risen, from $56,463 in 2014 to $61,077 in 2022. Despite this economic growth, no new LIHTC-funded projects have been developed during this period.
The racial composition of zip code 47130 has remained relatively stable. The white population decreased slightly from 78% in 2014 to 74% in 2022. The Black population has remained at approximately 12%, while the Hispanic population increased from 4% to 5%. The percentage of residents identifying as two or more races increased from 2% to 7% during this period.
Zip code 47130 in Jeffersonville, Indiana, has an established foundation of LIHTC-funded affordable housing, with projects dating back to 1990. These units, while representing a small percentage of the estimated housing inventory, provide 411 low-income units across various unit sizes. The area has experienced population growth and increasing median incomes over the past decade, yet no new LIHTC projects have been developed during this time. The racial composition has remained relatively stable, with a slight increase in diversity. These demographic trends may influence future affordable housing needs and development in the area.
