Loading Content...
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The zip code 30115 in Holly Springs, Georgia, presents a distinct affordable housing landscape. This area contains 14 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units, all categorized as low-income units. Based on the 2022 population of 52,836 and an estimated 20,244 housing units, LIHTC-funded affordable housing constitutes approximately 0.07% of the zip code's estimated housing inventory.
The LIHTC program has allocated $756,284 in tax credits for affordable housing projects in this zip code. This equates to an average federal funding of $54,020 per unit. Notably, this zip code represents 0.22% of the total LIHTC funding allocated to the state of Georgia.
The Laurels At Greenwood, completed in 2001, is the only LIHTC-funded project in this zip code. This development has provided affordable housing options to the community for over two decades. The project comprises 14 units, equally divided between seven two-bedroom and seven three-bedroom apartments, accommodating various family sizes and needs.
Over the past decade, the zip code has experienced substantial population growth, increasing from 41,287 in 2013 to 52,836 in 2022. This represents a 28% increase in population. Despite this growth, there has not been a corresponding increase in LIHTC-funded affordable housing projects since 2001.
The median income in the zip code has fluctuated but generally remained high, rising from $87,538 in 2013 to $98,891 in 2022. This consistently high median income may partially explain the absence of additional LIHTC projects in recent years.
Racial demographics have remained relatively stable, with a slight decrease in the white population from 86% in 2013 to 81% in 2022. There has been a small increase in racial diversity, with the Black population growing from 2% to 5% and the Hispanic population from 7% to 10% during this period.
The zip code 30115 in Holly Springs, Georgia, has a limited LIHTC-funded affordable housing inventory, consisting of 14 units in a single project completed in 2001. While this represents a small fraction of the estimated housing stock, it is important to note that other affordable housing programs may be present in the area. The zip code has experienced significant population growth and maintained a high median income over the past decade, which may influence the perceived need for additional LIHTC-funded affordable housing. As the area continues to grow and diversify, ongoing assessment of affordable housing needs will be crucial to ensure a balanced housing market for all income levels.