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Affordable Housing in Zip Code 59270: LIHTC Funded Projects in Sidney, 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 59270 in Sidney, Montana, has a specific Low-Income Housing Tax Credit (LIHTC) funded affordable housing landscape. This area contains 56 total units in LIHTC funded projects, with 38 designated as low-income units. The estimated 3,072 housing units in the zip code indicate that LIHTC funded affordable housing comprises approximately 1.82% of the housing inventory. This suggests that LIHTC funded projects contribute to a small portion of the overall housing stock in the area.
The LIHTC program has invested $943,484 in tax credits for affordable housing projects in this zip code. This equates to an average federal funding of about $16,848 per unit. Zip code 59270 holds 0.51% of Montana's total LIHTC funding, indicating a modest share of the state's affordable housing initiatives.
Affordable housing has been present in this zip code since at least 2013, with the completion of Parkview Village. The most recent project, Sunset Village, was completed in 2016, spanning a three-year period of LIHTC funded development. The 2010s saw the most affordable housing activity in this area.
The LIHTC funded projects in zip code 59270 offer a range of unit types. Of the 56 total units, there are 12 one-bedroom, 27 two-bedroom, 14 three-bedroom, and 3 four-bedroom units. This distribution suggests an emphasis on accommodating various household sizes, with a focus on two-bedroom units.
Over the past decade, zip code 59270 has experienced fluctuations in population and median income. The population increased from 6,549 in 2010 to 8,018 in 2022, indicating growth in the area. Median income data shows a peak of $68,471 in 2016, coinciding with the completion of Sunset Village, but has since decreased to $62,352 in 2022.
Racial demographics have remained relatively stable in zip code 59270, with a slight decrease in the white population from 95% in 2013 to 86% in 2022. There has been a small increase in Hispanic representation, from 2% in 2013 to 7% in 2022, and a rise in those identifying as two or more races, from 2% to 6% over the same period.
The LIHTC program has made a modest contribution to affordable housing in zip code 59270, with two projects completed between 2013 and 2016. These projects provide 56 units, with 38 designated as low-income, representing a small percentage of the estimated housing inventory. The area has seen population growth and some demographic shifts over the past decade, which may influence future affordable housing needs. The diverse unit mix in LIHTC projects suggests an attempt to cater to various household sizes in the community.
