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Affordable Housing in Zip Code 78606: Three Decades of LIHTC Projects in Blanco, Texas
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 78606, located in Blanco, Texas, contains a total of 32 affordable housing units funded by the Low-Income Housing Tax Credit (LIHTC) program. This inventory includes 5 low-income units. The LIHTC-funded affordable housing represents approximately 1.29% of the estimated 2,489 housing units in the zip code. This area has addressed affordable housing needs for several decades through two LIHTC projects: Blanco Plaza and Blanco Seniors Apartments.
The first LIHTC project, Blanco Plaza, was completed in 1987. It contributes 30 units to the affordable housing inventory, including 3 low-income units. Blanco Plaza offers a mix of one-bedroom (14), two-bedroom (12), and three-bedroom (4) apartments. The most recent addition, Blanco Seniors Apartments, was finished in 2016. This project added 2 more units to the affordable housing inventory, both of which are low-income one-bedroom units. The Blanco Seniors Apartments project appears to cater specifically to the senior population.
The distribution of unit types across both projects indicates a preference for smaller households. There are 16 one-bedroom units, 12 two-bedroom units, and 4 three-bedroom units. This mix suggests a focus on accommodating individuals, couples, and small families in the affordable housing stock.
Zip code 78606 has experienced moderate population growth over the past decade. The population increased from 5,519 in 2014 to 6,497 in 2022. The median income has also risen, from $63,084 in 2014 to $67,749 in 2022, indicating an overall improvement in economic conditions. The racial composition of the area has remained relatively stable. The white population decreased slightly from 77% in 2014 to 71% in 2022, while the Hispanic population increased from 19% in 2014 to 23% in 2022.
The addition of the Blanco Seniors Apartments in 2016 aligns with the growing and aging population, indicating a response to changing demographic needs. The LIHTC-funded affordable housing in zip code 78606 represents a small but significant portion of the local housing inventory. With two projects spanning three decades, the area has maintained a consistent, albeit limited, affordable housing presence.
The focus on smaller units, particularly in the more recent Blanco Seniors Apartments, reflects an effort to address the needs of specific populations, such as seniors. While the overall economic indicators have improved, the continued presence of LIHTC projects suggests an ongoing need for affordable housing options in this growing community.
