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Affordable Housing in Zip Code 78109: LIHTC Inventory and Population Growth
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 78109 in Converse, Texas, contains a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The area has 576 total affordable units, all designated as low-income units. This zip code encompasses 31.26 square miles and had a population of 51,296 in 2022. Using the national average household size of 2.61, the estimated housing inventory for this zip code is approximately 19,654 units. The LIHTC funded affordable housing represents about 2.93% of the estimated housing units in the zip code.
Two LIHTC funded projects exist in the zip code: Town Square Apartments and The Arcadian. Town Square Apartments, completed in 2008, offers 252 units, comprising 76 one-bedroom, 114 two-bedroom, and 62 three-bedroom apartments. The Arcadian contributes an additional 324 units, though specific unit breakdowns are not provided. These projects have been part of the affordable housing inventory in the zip code for at least 15 years.
The 2000s witnessed the most affordable housing development in this zip code, with Town Square Apartments being completed during this decade. This indicates a period of concentrated affordable housing development in the area.
The population in zip code 78109 has grown significantly over the last decade, from 37,720 in 2013 to 51,296 in 2022, an increase of approximately 36%. The median income has also increased, from $66,237 in 2013 to $71,633 in 2022, suggesting overall economic growth in the area.
Racial demographics have experienced slight shifts, with the Hispanic population increasing from 38% in 2013 to 48% in 2022. The Black population decreased from 24% to 19%, while the White population decreased from 31% to 27% during the same period. The Asian population remained stable at 2%.
Despite the population growth and income increase, no new LIHTC projects have been recorded in the last decade. This may indicate that the existing affordable housing stock has been sufficient to meet the needs of the growing population, or that other affordable housing programs not captured in this data may be addressing additional needs.
Zip code 78109 in Converse, Texas, has a notable LIHTC funded affordable housing inventory, with 576 low-income units across two projects. This represents a small percentage of the estimated total housing units but has been a stable presence in the community for at least 15 years. The area has experienced significant population growth and a modest increase in median income over the past decade, along with shifts in racial demographics. The absence of new LIHTC projects in recent years, despite these changes, may warrant further investigation into the current affordable housing needs of the community.
