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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 71826 in Arkansas covers an area of 149.23 square miles and had a population of 1,351 in 2022. This zip code contains Low-Income Housing Tax Credit (LIHTC) funded affordable housing, with 27 total units, of which 26 are low-income units. Based on an estimated housing inventory of approximately 518 units, LIHTC funded affordable housing represents about 5.2% of the zip code's housing stock.
The LIHTC projects in zip code 71826 have received $111,909 in tax credits, averaging about $4,145 per unit. This funding constitutes 0.07% of Arkansas's total LIHTC allocation, indicating a small but notable investment in affordable housing for this area.
Affordable housing has been present in this zip code since at least 1995, when Bradley Manor was completed. The most recent project, Bradley Villas Apartments, was completed in 1998, indicating a three-year period of LIHTC development activity. The 1990s saw the highest number of affordable housing projects completed in this zip code.
The LIHTC inventory in zip code 71826 consists primarily of one-bedroom units (21) and two-bedroom units (6). This distribution suggests a focus on housing for smaller households or individuals.
Over the last decade, the zip code's population has remained relatively stable, fluctuating between about 1,100 and 1,500 residents. The median income has shown variability, ranging from about $26,000 to $35,000. Racial demographics have shifted slightly, with the white population decreasing from about 76% in 2017 to 63% in 2022, while the Black and Hispanic populations have experienced modest increases.
These demographic trends, including the relatively low and fluctuating median income, suggest an ongoing need for affordable housing in the area. However, the absence of new LIHTC projects in the last two decades may indicate that other housing programs or economic factors are addressing housing needs.
Zip code 71826 has a small but significant LIHTC-funded affordable housing presence, covering about 5.2% of its estimated housing stock. The area received a modest share of Arkansas's LIHTC funding, with projects completed in the mid to late 1990s. The housing units are primarily one and two-bedroom apartments, catering to smaller households. While demographic trends suggest a continued need for affordable housing, the lack of recent LIHTC developments indicates that other factors or programs may be addressing housing affordability in this zip code.