Loading Content...
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 75229 in Dallas, Texas, has a population of 32,871 as of 2022. This area contains two Low-Income Housing Tax Credit (LIHTC) funded affordable housing projects, providing 311 units, with 309 designated as low-income units. The LIHTC-funded affordable housing represents approximately 2.47% of the zip code's estimated housing stock of 12,594 units.
The two LIHTC projects in zip code 75229 are Sierra Vista Apartments and Dallas Stemmons Apartments. Sierra Vista Apartments, completed in 1995, offers 224 units, all low-income, consisting of 96 one-bedroom units, 108 two-bedroom units, and 2 three-bedroom units. Dallas Stemmons Apartments contributes 87 units, with 85 designated as low-income. Detailed unit breakdowns for Dallas Stemmons Apartments are not available.
The 1990s marked the introduction of LIHTC-funded affordable housing in zip code 75229, with Sierra Vista Apartments being the first completed project. This indicates that affordable housing has been present in the area for nearly three decades.
Zip code 75229 has experienced demographic shifts over the past decade. The population has remained relatively stable, increasing slightly from 32,368 in 2010 to 32,871 in 2022. The median income has grown significantly, rising from $90,401 in 2013 to $113,682 in 2022, a 25.8% increase.
The racial distribution in zip code 75229 has evolved. The Hispanic population has remained relatively stable, accounting for 38% of the population in 2022, up from 35% in 2014. The white population has decreased from 58% in 2014 to 52% in 2022, while the Asian population has increased from 2% to 5% during the same period. The Black population has remained steady at around 2%.
Despite the rising median income, the presence of LIHTC-funded affordable housing suggests an ongoing need for low-income housing options in zip code 75229. The stable Hispanic population, which often includes lower-income households, may contribute to this continued need.
Zip code 75229 in Dallas, Texas, has a modest LIHTC-funded affordable housing inventory, covering about 2.47% of the estimated housing stock. The area has experienced significant income growth over the past decade, along with shifts in racial composition. While the number of LIHTC projects has remained constant since the 1990s, the continued presence of these affordable units indicates an ongoing need for low-income housing options in this evolving community.