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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
West Columbia, located in zip code 77486 in Texas, has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory that contributes to meeting the housing needs of its low-income residents. The zip code has a total of 53 affordable units, all of which are designated as low-income units. These LIHTC funded projects cover approximately 1.73% of the estimated 3,069 housing units in the zip code, based on the 2022 population and national average household size.
The LIHTC program has funded three projects in this zip code: Oaks Of West Columbia, West Columbia Manor, and Brooks Manor Apartments. The first two projects were completed in 1991, marking the beginning of LIHTC-funded affordable housing in this area. The completion year for Brooks Manor Apartments is not specified.
The 1990s saw the most affordable housing activity in this zip code, with two projects completed during that decade. The majority of the affordable units are two-bedroom apartments, with 48 such units available. There are also 5 one-bedroom units in the inventory.
Over the past decade, the population in this zip code has remained relatively stable, fluctuating between 7,200 and 8,011 residents. The median income has shown an overall upward trend, increasing from $65,344 in 2015 to $76,270 in 2022. This rise in median income might suggest a reduced need for additional affordable housing in recent years.
Racial demographics have also shifted slightly. The white population has remained the majority, but decreased from 70% in 2015 to 64% in 2020, before increasing to 70% again in 2022. The Hispanic population has grown from 18% in 2015 to 24% in 2022, indicating a growing diversity in the area.
The LIHTC program has provided 53 affordable housing units in zip code 77486, primarily consisting of two-bedroom apartments. While these units cover a small percentage of the estimated housing inventory, they contribute to meeting the affordable housing needs in the area. The absence of new LIHTC projects in recent years, coupled with rising median incomes, suggests that the current inventory may be sufficient for the zip code's present needs. However, ongoing monitoring of demographic trends and housing affordability will be crucial to ensure that future housing needs are adequately addressed.