Loading Content...
Affordable Housing in Zip Code 89820: LIHTC Funding and Woodhaus Apartments
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 89820, which encompasses Battle Mountain in Nevada, contains 28 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. These units, all designated as low-income, represent approximately 1.44% of the estimated 1,949 total housing units in the zip code. The LIHTC program has allocated $291,000 in tax credits for affordable housing projects in this area, averaging $10,393 per unit. This allocation accounts for 0.08% of the total state LIHTC funding.
The Woodhaus Apartments, completed in 2017, is the sole LIHTC funded project in zip code 89820. This development has been part of the affordable housing landscape for approximately 6 years and includes 7 two-bedroom units, serving various low-income household sizes.
The population in zip code 89820 has grown from 4,206 in 2013 to 5,087 in 2022. The median income has fluctuated, peaking at $89,237 in 2014 and settling at $71,667 in 2022. This income trend suggests an ongoing need for affordable housing options.
The racial composition of zip code 89820 has remained relatively stable. The white population represents the majority (66% in 2022), followed by a significant Hispanic population (24% in 2022). The Native American population has increased slightly from 1% in 2013 to 3% in 2022. This demographic diversity underscores the importance of providing affordable housing options to serve various communities.
The LIHTC program has made a modest contribution to the affordable housing inventory in zip code 89820. While the 28 low-income units represent a small percentage of the total housing stock, they provide crucial support for low-income residents. The area's growing population and fluctuating median income indicate an ongoing need for affordable housing options. The demographic diversity in the zip code further emphasizes the importance of maintaining and potentially expanding affordable housing initiatives to serve all community members.
