Notably, Hysham Village targets the developmentally disabled population. This specialized focus addresses the unique housing needs of a vulnerable group, potentially providing supportive services alongside affordable housing.

Over the past decade, the zip code has experienced some demographic fluctuations. The population has shown a general decline, from 353 in 2015 to 296 in 2022. Despite this decrease, the median income has increased from $41,704 in 2015 to $44,374 in 2022, with a notable spike to $55,587 in 2021.

Racial composition has remained predominantly white, consistently above 90% throughout the decade. The Hispanic population has fluctuated, peaking at 7% in 2015 and decreasing to 4% by 2022. The Asian population has maintained a small presence, generally around 1-2% of the total.

These demographic trends, particularly the declining population and increasing median income, may partly explain why no additional LIHTC projects have been developed in the last decade. The existing project appears to be meeting a significant portion of the current affordable housing needs in this small, rural community.

Zip code 59038 in Montana features a single LIHTC-funded affordable housing project, Hysham Village, which has been serving the community since 1996. This project, targeting developmentally disabled individuals, provides 12 low-income units, representing about 10.6% of the estimated housing inventory. While the population has decreased over the past decade, median incomes have risen, and the racial composition has remained stable. The LIHTC investment in this zip code, though small in comparison to state-wide allocations, plays a crucial role in providing specialized affordable housing in this rural area.