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Affordable Housing in Zip Code 59821: A Unique LIHTC Project in Arlee, 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 59821 in Arlee, Montana, features a singular Low-Income Housing Tax Credit (LIHTC) funded affordable housing project. This area contains one LIHTC project that provides a single low-income unit. This unit represents a small portion of the estimated 832 housing units in the zip code, based on the 2022 population of 2,172 and the national average household size.
The LIHTC program has invested $49,999 in tax credits for affordable housing in zip code 59821. This equates to $49,999 in federal funding per unit, demonstrating a significant investment in affordable housing availability. This investment accounts for 0.03% of Montana's total LIHTC funding allocation.
The sole LIHTC project in zip code 59821, Arlee Elderly Living Center, was completed in 2000. This indicates that affordable housing has been present in the area for more than two decades. The project consists of one one-bedroom unit, suggesting a focus on accommodating individuals or small households.
Over the past decade, zip code 59821 has experienced population growth, increasing from 1,818 in 2013 to 2,172 in 2022. Median income has also risen, from $34,609 in 2013 to $53,301 in 2022, indicating improving economic conditions. The racial composition has remained relatively stable, with a slight increase in the white population from 52% in 2013 to 56% in 2022, and a small decrease in the Native American population from 36% to 29% during the same period.
Despite these demographic changes, there has not been an increase in LIHTC funded affordable housing since 2000. This could be attributed to various factors, including the availability of other affordable housing programs or changing local housing needs.
Zip code 59821 presents a unique case with a single LIHTC funded affordable housing unit. While this represents a small portion of the estimated housing inventory, it demonstrates a long-standing commitment to affordable housing in the area. The significant per-unit investment and the project's focus on elderly living highlight the targeted nature of affordable housing efforts in this rural Montana community. Despite demographic changes over the past decade, including population growth and increasing median income, there has not been additional LIHTC development, suggesting that other factors may be influencing affordable housing needs and provision in this zip code.
