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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 76107 in Fort Worth, Texas, contains a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The area has 630 total units in LIHTC-funded projects, with 432 designated as low-income units. Based on an estimated 11,890 housing units in the zip code, LIHTC-funded affordable housing comprises approximately 5.3% of the zip code's housing inventory.
The zip code has experienced LIHTC-funded affordable housing development over several years. The earliest recorded project completion was in 1995, with projects such as Shadow Glen Apartments and Shadow Hill Apartments. The most recent known completion was in 2011 with the Villas On The Hille project. This indicates at least 16 years of affordable housing presence in the area.
The 1990s saw considerable affordable housing development in this zip code, with multiple projects completed during this decade. The 2010s also witnessed continued investment in affordable housing with the addition of the Villas On The Hille project.
Regarding unit distribution, the LIHTC-funded projects in this zip code offer a mix of housing options. There are 283 one-bedroom units, 179 two-bedroom units, and 15 three-bedroom units. This distribution suggests a focus on smaller household sizes, with the majority of units catering to individuals or small families.
Over the past decade, zip code 76107 has experienced demographic shifts. The population has grown from 27,237 in 2010 to 31,032 in 2022, indicating a steady increase in residents. Median income has also risen, from $63,424 in 2013 to $78,722 in 2022, suggesting improving economic conditions for some residents.
Racial distribution has remained relatively stable, with a slight increase in diversity. The white population has remained around 60%, while there has been a small increase in Asian residents (from 1% to 4%) and a slight decrease in Hispanic residents (from 24% to 21%). The Black population has remained relatively constant at around 12-13%.
Despite the growth in population and median income, there has not been a corresponding increase in LIHTC-funded affordable housing projects in recent years. This could be due to various factors, including changes in funding priorities or a shift in housing needs.
Zip code 76107 in Fort Worth, Texas, has a moderate LIHTC-funded affordable housing presence, covering about 5.3% of the estimated housing inventory. The area has seen affordable housing development spanning at least 16 years, with significant activity in the 1990s and early 2010s. The housing mix predominantly consists of one and two-bedroom units, catering to smaller households. While the area has experienced population growth and increased median income over the past decade, there has not been a corresponding increase in LIHTC-funded projects. This analysis provides insights into the affordable housing landscape of the zip code, highlighting the contribution of the LIHTC program to meeting housing needs in the area.