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Affordable Housing in Zip Code 48111: Analysis of LIHTC-Funded Projects in Belleville, Michigan
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 48111, located in Belleville, Michigan, has a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. This area contains 534 total units in LIHTC-funded projects, including 254 low-income units, demonstrating a commitment to providing affordable housing options. Based on the 2022 population of 43,491 and an estimated 16,663 housing units, the LIHTC-funded affordable housing covers approximately 3.2% of the zip code's housing inventory.
The LIHTC projects in zip code 48111 have received $428,392 in tax credits, averaging about $802 per unit in federal funding. This represents 0.15% of Michigan's total LIHTC funding, indicating a modest but notable investment in affordable housing for this area. Affordable housing has been present in this zip code for over two decades. The first LIHTC project, Green Meadows Apts, was completed in 1995, while the most recent, Columbia Court Apartments, was finished in 2015. The 2010s saw the most affordable housing development, with three out of four projects completed during this decade.
The LIHTC-funded housing stock in zip code 48111 offers a diverse range of unit types. There are 27 efficiencies, 133 one-bedroom units, 225 two-bedroom units, and 77 three-bedroom units. This variety caters to different household sizes and needs within the community.
Over the past decade, zip code 48111 has experienced moderate population growth, increasing from 41,044 in 2015 to 43,491 in 2022. During this period, the median income rose from $64,319 to $69,887, suggesting a slight improvement in economic conditions. The racial composition of the area has remained relatively stable, with a slight decrease in the white population (from 71% in 2015 to 65% in 2022) and small increases in black, Hispanic, and multiracial populations. This gradual diversification may indicate a growing need for affordable housing options to serve various demographic groups.
The zip code 48111 in Belleville, Michigan, has a notable LIHTC-funded affordable housing inventory, covering about 3.2% of the estimated housing stock. This percentage falls short of the ideal 15-20% target for affordable housing but represents a significant contribution to the area's housing needs. The LIHTC projects span over two decades, with the most recent developments occurring in the 2010s. The diverse range of unit types suggests an effort to accommodate various household sizes and needs. As the area continues to grow and diversify, ongoing attention to affordable housing development may be necessary to meet the evolving needs of the community.
