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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 78726 in Austin, Texas, contains Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The area has 132 total units in LIHTC-funded projects, with 24 designated as low-income units. Based on the 2022 population of 13,615 and the national average household size, the estimated housing inventory for this zip code is approximately 5,216 units. The LIHTC-funded affordable housing represents about 2.5% of the estimated housing stock in the zip code.
The zip code has seen LIHTC-funded affordable housing development since 2016, with two notable projects: Windy Ridge and Cardinal Point. Windy Ridge, completed in 2016, targets special needs populations, while Cardinal Point, finished in 2017, has no specific target population. The 2010s were the most active decade for LIHTC development in this area.
The housing mix in LIHTC-funded projects includes 54 one-bedroom units, 48 two-bedroom units, and 18 three-bedroom units. This range of unit sizes suggests an effort to accommodate various household compositions, from individuals to families. Windy Ridge's focus on special needs populations indicates a recognition of the unique housing requirements for this demographic.
Over the past decade, zip code 78726 has experienced fluctuations in population, with overall growth from 12,315 in 2010 to 13,615 in 2022. The median income has also changed, rising from $101,617 in 2013 to $110,198 in 2022, suggesting a generally affluent area.
The racial composition of the zip code has remained relatively stable, with a slight increase in diversity. The white population decreased slightly from 65% in 2013 to 61% in 2022, while the Hispanic population increased from 15% to 18% during the same period. The Asian population has maintained a consistent presence, around 15-17% throughout the decade.
The introduction of LIHTC projects in 2016 and 2017 coincides with a period of population growth and high median incomes in the area. This suggests an effort to maintain some affordable housing options in an increasingly expensive neighborhood.
Zip code 78726 in Austin, Texas, has a small but significant LIHTC-funded affordable housing presence, representing about 2.5% of the estimated housing stock. The area has seen two LIHTC projects completed in recent years, offering a mix of unit sizes and including housing targeted at special needs populations. While the zip code maintains a high median income and has experienced population growth, the introduction of these affordable housing units indicates an effort to preserve some economic diversity in the area. The demographic trends show a slight increase in racial diversity over the past decade, which may reflect broader changes in the Austin metropolitan area.