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Affordable Housing in Zip Code 78660: LIHTC Inventory and Demographic Shifts in Pflugerville, 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 78660 in Pflugerville, Texas possesses a diverse Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The area contains 396 total units in LIHTC funded projects, with 132 units specifically designated as low-income. Based on the 2022 population of 116,326 and the national average household size, the estimated housing inventory in this zip code is approximately 44,569 units. The LIHTC funded affordable housing comprises about 0.89% of the estimated housing units in the zip code.
The LIHTC projects in zip code 78660 have received $1,200,000 in project tax credits, equating to an average of $3,030 in federal funding per unit. This zip code holds 1.03% of the total state LIHTC funding, indicating a significant investment in affordable housing for the area.
The first LIHTC project in this zip code, Pflugerville Meadows, was completed in 1991, while the most recent documented project, Cambridge Villas, was finished in 2007. This demonstrates a span of at least 16 years of affordable housing development in the area. The 2000s saw the most activity in LIHTC project completions, with two projects (Heatherwilde Park Retirement Apts and Cambridge Villas) being completed during this decade.
The LIHTC funded projects in zip code 78660 include a mix of unit types, with 128 one-bedroom units and 100 two-bedroom units. This distribution suggests a focus on housing for smaller households or families.
Over the past decade, the population in zip code 78660 has grown significantly, from 78,130 in 2013 to 116,326 in 2022. This represents a 48.9% increase. During this same period, the median income has also risen, from $84,957 in 2013 to $100,446 in 2022, an 18.2% increase.
The racial demographics in zip code 78660 have shown some shifts. The Hispanic population has increased from 31% in 2013 to 38% in 2022, while the White population has decreased from 42% to 33%. The Black population has remained relatively stable, increasing slightly from 14% to 15%, and the Asian population has held steady at 8%.
Despite this population growth and income increase, there does not appear to have been significant LIHTC development in zip code 78660 in the last decade. This could be due to a variety of factors, including changes in local housing policies, shifts in funding priorities, or the area potentially meeting its affordable housing needs through other programs or existing inventory.
Zip code 78660 has a modest LIHTC funded affordable housing inventory, covering less than 1% of the estimated housing units. The area has seen significant population growth and income increases over the past decade, along with shifts in racial demographics. While LIHTC development was active in the 1990s and 2000s, there has not been documented LIHTC activity in recent years. This analysis provides a snapshot of the LIHTC landscape in this zip code, but it is important to note that other affordable housing programs may also be contributing to meeting the area's housing needs.
