Loading Content...
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 89411, located in Genoa, Nevada, has a unique LIHTC funded affordable housing inventory. The area has a total of 40 affordable housing units, with 4 specifically designated as low-income units. Based on the 2022 population of 231 and an estimated 89 housing units in the zip code, the LIHTC funded affordable housing covers approximately 45% of the estimated housing inventory. This significant percentage indicates that LIHTC projects play a substantial role in providing affordable housing options in this area.
The LIHTC program has invested $299,620 in tax credits for affordable housing projects in this zip code. This translates to an average federal funding of $7,491 per unit. Notably, this zip code accounts for 0.08% of the total LIHTC funding allocated to the state of Nevada.
The only LIHTC project in this zip code is Crestmore Village Apt. Phase II, completed in 2001. This project has been providing affordable housing options in the area for over two decades. The development consists of 24 two-bedroom units and 16 three-bedroom units, catering to various household sizes.
Over the past decade, the population in zip code 89411 has fluctuated, with a slight overall decrease from 256 in 2015 to 231 in 2022. The median income has also seen some variability, peaking at $136,805 in 2017 and settling at $110,376 in 2022. Despite these changes, the area has maintained a predominantly white population, consistently above 85% throughout the decade.
The racial composition has remained relatively stable, with a slight increase in diversity. The Hispanic population has fluctuated between 3% and 7%, while the Asian population has consistently represented about 2-3% of the total. These demographic trends suggest a relatively stable community with some minor shifts in income and ethnic composition.
Zip code 89411 in Genoa, Nevada, has a significant LIHTC funded affordable housing presence, with 40 units covering nearly half of the estimated housing inventory. The single LIHTC project, Crestmore Village Apt. Phase II, has been serving the community since 2001, offering a mix of two and three-bedroom units. While the area has experienced some fluctuations in population and median income over the past decade, the racial composition has remained relatively stable. The continued presence of this LIHTC project suggests an ongoing need for affordable housing options in this zip code, despite the high median income levels.