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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 77845 in College Station, Texas, contains 206 total affordable housing units funded by Low-Income Housing Tax Credit (LIHTC), with 184 designated as low-income units. These LIHTC-funded affordable housing units represent approximately 0.73% of the estimated 28,313 housing units in this zip code, based on the 2022 population of 73,898.
The zip code features two LIHTC-funded projects: Villas Of Rock Prairie and Huntington At College Station. The Villas Of Rock Prairie, completed in 1996, is the earliest known LIHTC project in the area, indicating that affordable housing has been present in the community for at least 26 years.
The LIHTC-funded projects in zip code 77845 offer a range of unit types, including 36 one-bedroom units, 76 two-bedroom units, and 2 three-bedroom units. This distribution suggests a focus on accommodating various household sizes, with an emphasis on smaller families or individuals.
Over the past decade, zip code 77845 has experienced significant population growth, increasing from 51,232 in 2013 to 73,898 in 2022, representing a growth of approximately 44% over nine years. The median income has also risen, from $81,119 in 2013 to $86,783 in 2022, indicating a general improvement in economic conditions.
The racial demographics of the area have remained relatively stable, with minor shifts. The white population has decreased from 75% in 2013 to 69% in 2022, while the Asian population has increased from 5% to 8%. The Hispanic population has grown from 12% to 16% during this period.
Despite the population growth and changes in demographics, there has not been significant new LIHTC development in zip code 77845 in the last decade. This could be due to various factors, including land availability, local zoning policies, or changes in funding priorities.
Zip code 77845 in College Station, Texas, has a small but established LIHTC-funded affordable housing presence, with 206 total units representing about 0.73% of the estimated housing inventory. The area has experienced substantial population growth and slight increases in median income over the past decade. While the racial composition has remained relatively stable, there have been small increases in diversity. The lack of recent LIHTC developments, despite population growth, suggests that other factors may be influencing affordable housing development in this area.