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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 89131 in Las Vegas, Nevada, contains 166 total units in Low-Income Housing Tax Credit (LIHTC) funded projects, with 159 designated as low-income units. This represents approximately 0.86% of the estimated 19,257 housing units in the zip code, based on the 2022 population of 50,260. The LIHTC projects in this zip code have received $3,426,078 in tax credits, averaging about $20,639 per unit. This funding represents 0.92% of Nevada's total LIHTC allocation.
Affordable housing has been present in this zip code since at least 2010, with the completion of the Decatur Pines project. The most recent project, Decatur Pines 2, was completed in 2012, suggesting a concentrated period of affordable housing development in the early 2010s. The LIHTC funded housing in this zip code consists primarily of one-bedroom units (120) and two-bedroom units (19), indicating a focus on accommodating smaller households or individuals.
Over the past decade, zip code 89131 has experienced steady population growth, increasing from 44,826 in 2013 to 50,260 in 2022. The median income has also risen significantly, from $89,697 in 2013 to $102,836 in 2022, indicating an overall improvement in economic conditions. Racial demographics have remained relatively stable, with a slight decrease in the white population (from 62% in 2013 to 59% in 2022) and small increases in Hispanic (17% to 18%) and Black (10% to 11%) populations. The Asian population has remained consistent at around 5-6%.
The lack of new LIHTC projects since 2012 could be attributed to the rising median income in the area, potentially reducing the perceived need for additional affordable housing units. Zip code 89131 in Las Vegas has a modest LIHTC funded affordable housing presence, with 166 total units representing less than 1% of the estimated housing inventory. The area received significant LIHTC funding in the early 2010s, focusing primarily on one-bedroom units. Despite the lack of new LIHTC projects in recent years, the zip code has experienced population growth and a substantial increase in median income. These demographic shifts may have influenced the perceived need for additional affordable housing in the area.