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Affordable Housing in Zip Code 48519: Three Decades of LIHTC Development in Burton, 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
Zip code 48519 in Burton, Michigan, exhibits a substantial Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. This area contains 640 total units in LIHTC-funded projects, with 559 designated as low-income units. Based on the 2022 population of 8,981 and an estimated housing inventory of 3,441 units, LIHTC-funded affordable housing comprises approximately 18.6% of the zip code's housing stock. This percentage aligns with the target range for affordable housing in a well-balanced community.
The LIHTC projects in zip code 48519 have received $751,746 in project tax credits, averaging about $1,174 per unit in federal funding. This zip code accounts for 0.26% of Michigan's total LIHTC funding, indicating a notable concentration of affordable housing resources in this area. Affordable housing has been a consistent feature of this zip code for over three decades, with the first LIHTC project, Green Pine Acres - #4 Nelson #1, completed in 1988. The most recent project, Burton Place, was finished in 2019.
The 1990s saw the most significant affordable housing growth in zip code 48519, with multiple Green Pine Acres projects completed during this decade. The LIHTC-funded housing in this zip code primarily consists of one-bedroom units (459) and two-bedroom units (79), suggesting a focus on smaller households or individuals. The data does not indicate the presence of efficiencies or larger units, potentially indicating a gap in housing options for very small or larger families.
Over the past decade, the population in zip code 48519 has remained relatively stable, fluctuating between 8,179 and 8,981 residents. Median income has shown a general upward trend, increasing from $45,882 in 2013 to $56,001 in 2022. This income growth may indicate changing affordable housing needs in the area. Racial demographics have shifted slightly, with the white population decreasing from 90% in 2013 to 79% in 2022. Concurrently, there has been an increase in racial diversity, particularly in the Black, Hispanic, and multiracial populations. This demographic change could influence future affordable housing needs and design considerations.
Zip code 48519 demonstrates a substantial commitment to affordable housing through its LIHTC-funded projects, which cover a significant portion of the estimated housing stock. The area has seen consistent affordable housing development over three decades, with a focus on smaller units. Recent demographic trends, including income growth and increasing diversity, may shape future affordable housing needs in this community. The existing LIHTC inventory provides a strong foundation for addressing low-income housing requirements, though ongoing assessment of unit types and target populations may be necessary to ensure continued alignment with community needs.
