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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 89052 in Henderson, Nevada, contains Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. The area has 400 affordable housing units, with 399 classified as low-income units. Based on the 2022 population of 54,962 and an estimated 21,058 housing units, LIHTC funded affordable housing comprises approximately 1.9% of the zip code's estimated housing inventory.
The LIHTC projects in zip code 89052 have received $1,211,706 in project tax credits, averaging $3,029 in federal funding per unit. This funding represents 0.32% of Nevada's total LIHTC allocation, indicating a modest investment in affordable housing for this area.
Affordable housing has been present in zip code 89052 since 2002, with the completion of the Horizon Pines Senior Apartments. The most recent project, Vintage At 7 Hills Aka St Rose, was completed in 2004, suggesting a two-year period of LIHTC development activity. The early 2000s saw the most affordable housing projects completed in this zip code.
The inventory consists primarily of one-bedroom and two-bedroom units, with 84 one-bedroom and 190 two-bedroom units available. This distribution suggests a focus on housing for smaller households and potentially seniors or young professionals.
Over the last decade, zip code 89052 has seen steady population growth, increasing from 46,206 in 2013 to 54,962 in 2022. The median income has also risen, from $87,073 in 2013 to $94,539 in 2022, indicating an overall increase in affluence.
Racial demographics have remained relatively stable, with a slight decrease in the white population from 68% in 2013 to 59% in 2022. There has been a small increase in diversity, with slight growth in Asian, Black, and Hispanic populations.
The lack of new LIHTC projects in the last decade may be attributed to the rising median income and relatively stable racial demographics, potentially indicating a reduced need for additional low-income housing in this specific area.
Zip code 89052 in Henderson, Nevada, has a modest LIHTC funded affordable housing presence, covering about 1.9% of the estimated housing inventory. The area received over $1.2 million in LIHTC funding, representing 0.32% of Nevada's allocation. The affordable housing stock, developed in the early 2000s, primarily consists of one and two-bedroom units. While the population has grown and median income has increased over the past decade, there have been no new LIHTC projects, possibly due to changing demographic needs in the area.