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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 27455 in Greensboro, North Carolina, has a population of 27,179 as of 2022. This area has one Low-Income Housing Tax Credit (LIHTC) funded project, providing a total of 15 affordable housing units, all of which are designated as low-income units. Based on the estimated housing inventory of 10,413 units, the LIHTC-funded affordable housing covers approximately 0.14% of the zip code's housing stock.
The LIHTC project in this zip code received $549,696 in tax credits, which translates to an average federal funding of $36,646 per unit. This funding represents 0.13% of the total LIHTC credits allocated to North Carolina.
The sole LIHTC project in this zip code, "The Carillon," was completed in 1995. This indicates that affordable housing has been present in the area for nearly three decades. All 15 units in this project are one-bedroom apartments, suggesting a focus on smaller household sizes or potentially senior housing, though no specific target population is mentioned.
Over the past decade, the zip code has experienced some demographic shifts. The population has remained relatively stable, with a slight decrease from 28,463 in 2015 to 27,179 in 2022. Despite this minor population decline, the median income has shown a significant increase, rising from $84,171 in 2015 to $91,183 in 2022.
The racial composition of the area has also seen some changes. The white population has decreased slightly from 72% in 2015 to 68% in 2022, while the Asian population has increased from 2% to 5% during the same period. The Black population has remained relatively stable at around 19-20%.
The lack of new LIHTC projects in the last decade could be attributed to the rising median income in the area, which may have reduced the perceived need for additional low-income housing. However, it is important to note that other affordable housing programs not captured in this data may also be serving the community's needs.
Zip code 27455 in Greensboro has a single LIHTC-funded affordable housing project, "The Carillon," which has been providing 15 one-bedroom units since 1995. While this represents a small portion of the area's estimated housing stock, it is important to consider that other affordable housing initiatives may be present. The area has experienced rising median incomes and slight shifts in racial demographics over the past decade, which may influence future affordable housing needs and development in the zip code.