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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 89403 in Dayton, Nevada, has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The area covers 206.75 square miles with a population of 15,804 as of 2022. The LIHTC program has funded 98 affordable housing units in this zip code, with 97 designated as low-income units. Based on the estimated 6,055 housing units in the zip code, LIHTC-funded affordable housing represents approximately 1.62% of the total housing inventory.
The LIHTC projects in this zip code have received $869,845 in tax credits, averaging about $8,876 per unit. This funding represents 0.23% of the total LIHTC allocations for Nevada, indicating a modest investment in affordable housing for this area.
Affordable housing has been present in this zip code for over two decades. The earliest recorded LIHTC project, Dayton Valley Village II, was completed in 1995, while the most recent, Highland At Vista, was finished in 2019. This 24-year span demonstrates a consistent commitment to affordable housing in the area.
The 2000s saw the completion of River Valley Apartments, while the 2010s brought the Highland At Vista project. These developments across different decades show ongoing efforts to address affordable housing needs in the zip code.
The LIHTC-funded housing in this zip code primarily consists of two-bedroom units (31) and three-bedroom units (12), with one one-bedroom unit. This distribution suggests a focus on accommodating families and larger households.
Over the past decade, the zip code has experienced population growth, increasing from 12,698 in 2013 to 15,804 in 2022. This growth of nearly 25% may have contributed to the need for additional affordable housing, as evidenced by the completion of the Highland At Vista project in 2019.
Median income in the area has risen from $56,566 in 2013 to $70,589 in 2022. Despite this increase, the continued development of LIHTC projects suggests an ongoing need for affordable housing options, possibly due to rising housing costs in the area.
The racial composition of the zip code has remained relatively stable, with a slight decrease in the white population (from 82% in 2013 to 70% in 2022) and an increase in the Hispanic population (from 13% to 24% over the same period). This diversification may have influenced the types of affordable housing needed in the community.
The 89403 zip code in Dayton, Nevada, has a modest LIHTC-funded affordable housing inventory, covering about 1.62% of the estimated total housing units. The area has seen consistent development of affordable housing over more than two decades, with projects spread across different time periods. The housing stock is primarily composed of two and three-bedroom units, suggesting a focus on family-oriented housing. Despite rising median incomes, the continued development of LIHTC projects, including the recent Highland At Vista in 2019, indicates an ongoing need for affordable housing options in this growing and diversifying community.