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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The zip code 83713 in Boise City, Idaho, contains a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 105 total units, with 37 designated as low-income units. The population of this zip code reached 28,923 residents in 2022. The LIHTC funded affordable housing represents approximately 0.95% of the estimated 11,082 housing units in the zip code. The LIHTC program has allocated $440,955 in tax credits for affordable housing projects in zip code 83713. This equates to an average federal funding of about $4,200 per unit. This zip code accounts for 0.55% of the total LIHTC funding allocated to Idaho. Affordable housing development in this zip code occurred between 1993 and 1994. The Syringa Village project, completed in 1993, marked the beginning of LIHTC-funded housing in the area. The most recent project, Northwest Pointe, was finished in 1994. The LIHTC-funded units in this zip code include 36 two-bedroom units, 60 three-bedroom units, and 9 four-bedroom units.
The zip code has experienced significant population growth over the past decade, increasing from 26,397 in 2013 to 28,923 in 2022. The median income has remained relatively stable, ranging between $77,725 and $86,011 during this period. Racial demographics in zip code 83713 have shown slight changes. The white population decreased from 84% in 2017 to 80% in 2022. There have been small increases in Hispanic, Asian, and multi-racial populations, indicating a modest increase in diversity. Despite the population growth, no new LIHTC projects have been developed in the last decade in zip code 83713. This could be attributed to various factors, such as changes in local housing policies, shifts in funding priorities, or the possibility that other affordable housing programs are meeting the area's needs. The 83713 zip code in Boise City has an established but small LIHTC-funded affordable housing inventory, primarily developed in the early 1990s. While the area has experienced population growth and slight demographic shifts in recent years, there has been no corresponding increase in LIHTC-funded housing. The existing affordable units represent a small fraction of the estimated housing inventory, suggesting that other housing options or programs may be addressing the area's affordable housing needs. Further research into local housing policies and alternative affordable housing initiatives would provide a more comprehensive understanding of the housing landscape in zip code 83713.