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Affordable Housing in Zip Code 68028: Analysis of LIHTC Funded Inventory in Gretna, Nebraska
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The zip code 68028, located in Gretna, Nebraska, has a population of 17,938 as of 2022. This area has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory consisting of 39 total units, all of which are designated as low-income units. Based on the estimated housing inventory of 6,873 units, the LIHTC funded affordable housing covers approximately 0.57% of the zip code's housing stock.
The LIHTC projects in zip code 68028 have received $260,154 in tax credits for affordable housing development. This translates to an average federal funding of about $6,670 per unit. Notably, this zip code accounts for 0.22% of the total LIHTC funding allocated to Nebraska.
Affordable housing has been present in zip code 68028 since 1994, with the most recent project completed in 2009. The Gretna Apts, built in 1994, was the first LIHTC project in the area, while the Gretna Crown, completed in 2009, represents the most recent addition. The 2000s saw the most affordable housing development activity in this zip code.
The inventory includes a mix of unit types, with 15 four-bedroom units noted in the Gretna Crown project. This suggests a focus on accommodating larger families within the affordable housing stock.
Over the last decade, zip code 68028 has experienced significant population growth, increasing from 11,398 in 2013 to 17,938 in 2022. Concurrently, the median income has risen substantially, from $93,873 in 2013 to $118,925 in 2022. The racial composition has remained relatively stable, with a slight decrease in the white population from 95% in 2013 to 91% in 2022, and small increases in Hispanic and Asian populations.
Despite the population growth, no new LIHTC projects have been developed in zip code 68028 in the last decade. This could be attributed to the rising median income, which may have reduced the perceived need for additional affordable housing in the area.
Zip code 68028 in Gretna, Nebraska, has a small but established LIHTC funded affordable housing inventory, representing about 0.57% of the estimated housing stock. The area has seen significant population and income growth over the past decade, which may have influenced the lack of recent affordable housing development. The existing LIHTC projects provide housing options for low-income residents, but the changing demographics of the zip code suggest a potential shift in housing needs and priorities.
