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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 59022, encompassing Crow Agency in Montana, features a noteworthy presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. This zip code contains 15 LIHTC-funded affordable housing units. Given the estimated 987 housing units in the zip code, LIHTC-funded affordable housing comprises approximately 1.52% of the housing inventory.
The LIHTC program has allocated $2,849,000 in tax credits for affordable housing projects in zip code 59022. This translates to an average federal funding of $189,933 per unit. Notably, this zip code receives 1.55% of Montana's total LIHTC funding allocation, indicating a substantial investment in affordable housing for this area.
The Apsaalooke Warrior Apartments, completed in 2015, is the sole LIHTC-funded project in zip code 59022. This development consists of 15 one-bedroom units, offering specific housing options for smaller households or individuals. The 2010s marked the decade with the most affordable housing development in this area.
The population of zip code 59022 has remained relatively stable over the past decade, fluctuating between 2,500 and 2,700 residents. The median income has shown variability, ranging from a high of $46,918 in 2014 to a low of $38,275 in 2016. As of 2022, the median income was $39,838.
The racial composition of zip code 59022 has remained predominantly Native American, with this group consistently representing over 80% of the population throughout the decade. The percentage of Native American residents has increased slightly from 82% in 2013 to 88% in 2022. The white population has decreased from 13% in 2013 to 9% in 2022.
The completion of the Apsaalooke Warrior Apartments in 2015 coincides with a period of relative economic stability in the area, as evidenced by the median income data. The project's timing may have been influenced by the consistent demographic makeup and the specific needs of the Native American population, which forms the majority in zip code 59022.
The LIHTC program has made a targeted investment in Crow Agency, providing 15 affordable housing units through a single project. While this represents a small percentage of the estimated housing inventory, it indicates a focused effort to address affordable housing needs in this predominantly Native American community. The demographic trends, including a stable population and consistent racial composition, provide context for the timing and scale of LIHTC investments in this area. The allocation of 1.55% of Montana's LIHTC funding to zip code 59022 underscores the program's recognition of affordable housing needs in this specific community.