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Affordable Housing in Zip Code 59213: Analysis of LIHTC-Funded Units in Brockton, Montana
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 59213, located in Brockton, Montana, is a rural area with a population of 1,325 as of 2022. This zip code contains a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory, consisting of 23 total units, all of which are designated as low-income units. These LIHTC-funded units represent approximately 4.53% of the estimated 508 housing units in the zip code, based on the 2022 population and national average household size.
The LIHTC program has invested $528,417 in tax credits for affordable housing projects in this zip code. This equates to an average federal funding of $22,975 per unit. This investment represents 0.29% of Montana's total LIHTC funding allocation, indicating a significant commitment to affordable housing in this rural area.
The Fort Peck Housing 1 project, completed in 2009, is the sole LIHTC-funded development in the zip code. This project has been providing affordable housing options for over a decade, demonstrating a long-term commitment to addressing housing needs in the area. The Fort Peck Housing 1 project offers a diverse range of unit sizes to accommodate various household compositions. The breakdown includes 3 one-bedroom units, 5 two-bedroom units, 8 three-bedroom units, and 7 four-bedroom units. This distribution suggests a focus on accommodating families and larger households within the affordable housing inventory.
Over the past decade, the zip code has experienced fluctuations in population, with an increase from 1,051 in 2019 to 1,325 in 2022. This growth may indicate an increasing demand for housing, including affordable options.
The median income in the zip code has shown an overall upward trend, rising from $40,534 in 2013 to $53,788 in 2022. Despite this increase, the presence of LIHTC-funded housing suggests a continued need for affordable options for lower-income residents.
Racial demographics have remained relatively stable, with a slight increase in diversity. The Native American population has consistently represented a significant portion of the community, ranging from 39% to 42% over the past decade. The white population has remained the majority, fluctuating between 50% and 57%. This demographic composition may influence the specific housing needs of the community.
The 59213 zip code in Brockton, Montana, demonstrates a commitment to affordable housing through its LIHTC-funded project. With 23 low-income units, representing 4.53% of the estimated housing inventory, the area has made strides in addressing affordable housing needs. The Fort Peck Housing 1 project, completed in 2009, offers a range of unit sizes to accommodate diverse household needs. The presence of LIHTC housing suggests an ongoing need for affordable options. The stable racial demographics, with a significant Native American population, may influence the specific housing requirements of the community. As the population has grown in recent years, continued monitoring of housing needs and potential expansion of affordable options may be warranted to meet future demand.
