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Affordable Housing Inventory Analysis in Zip Code 48104: Three Decades of LIHTC Development in Ann Arbor
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 48104 in Ann Arbor, Michigan, contains several Low-Income Housing Tax Credit (LIHTC) funded affordable housing projects. This area has 233 affordable housing units, with 232 designated as low-income units. Based on an estimated housing inventory of 16,951 units, LIHTC-funded affordable housing comprises approximately 1.37% of the total housing stock in this zip code.
The LIHTC program has invested $1,006,185 in tax credits for affordable housing projects in zip code 48104. This equates to an average federal funding of $4,318 per unit. Zip code 48104 accounts for 0.34% of the total LIHTC funding allocated to Michigan.
Affordable housing has existed in this zip code since 1989, beginning with the Shanin Uzuncan Schedule E project. The most recent project, River Run, was completed in 2015, spanning 26 years of LIHTC-funded housing development. The 1990s experienced the most activity, with the completion of Courthouse Square in 1997.
The affordable housing inventory in zip code 48104 consists of 157 one-bedroom units, 41 two-bedroom units, 25 three-bedroom units, and 9 four-bedroom units. This distribution indicates a focus on accommodating smaller households and families.
From 2013 to 2022, the population in zip code 48104 increased from 39,503 to 44,243. The median income fluctuated, peaking at $73,598 in 2021 before decreasing to $67,197 in 2022. The racial composition remained relatively stable, with the white population representing about 74-75% of the total, followed by Asian (12-14%), Black (4-5%), and Hispanic (3-4%) populations.
The completion of the River Run project in 2015 coincided with a period of population growth and increasing median income in the area. This suggests that despite rising incomes, a need for affordable housing options was recognized to maintain a diverse and inclusive community.
Zip code 48104 in Ann Arbor has a modest LIHTC-funded affordable housing inventory, representing about 1.37% of the estimated total housing stock. The area has received consistent investment in affordable housing over nearly three decades, with projects serving various household sizes. The demographic trends indicate a growing population with fluctuating income levels, suggesting an ongoing need for diverse housing options in this zip code.
