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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 30307 in Atlanta, Georgia, contains a significant inventory of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. This area has 534 total units in LIHTC-funded projects, with 229 units specifically designated as low-income. Based on the 2022 population of 21,744 and an estimated 8,331 housing units, the LIHTC-funded affordable housing comprises approximately 6.4% of the zip code's estimated housing inventory.
The LIHTC projects in zip code 30307 have received $2,348,145 in tax credits, averaging about $4,397 in federal funding per unit. This funding represents 0.7% of Georgia's total LIHTC allocation, indicating a substantial investment in affordable housing for this particular area.
Affordable housing has been present in zip code 30307 for nearly three decades. The first LIHTC project, Oakland Court Apartments, was completed in 1994, while the most recent addition, Edgewood Court Apartments, was finished in 2018. The 2000s experienced the most activity in affordable housing development, with multiple projects completed during this decade, including Columbia Citihomes (2002), Columbia Park Citi Residences (2004), and Columbia Senior Residences At Edgewood (2006).
The LIHTC-funded housing in zip code 30307 offers various unit types to accommodate different household sizes. There are 46 one-bedroom units, 269 two-bedroom units, 123 three-bedroom units, and 32 four-bedroom units. This distribution suggests a focus on housing for small to medium-sized families.
Over the past decade, zip code 30307 has experienced steady population growth, increasing from 17,691 in 2013 to 21,744 in 2022. This 23% population increase coincides with the completion of several LIHTC projects, suggesting a response to growing housing needs.
The median income in zip code 30307 has fluctuated but shown an overall upward trend, rising from $108,223 in 2013 to $132,584 in 2022. Despite this increase, the continued development of affordable housing indicates an ongoing need for low-income units, possibly due to income disparities within the community.
Racial demographics in zip code 30307 have remained relatively stable, with a slight decrease in the white population (from 74% in 2013 to 72% in 2022) and small increases in Asian and Hispanic populations. The Black population decreased slightly from 14% to 13% over the same period. These changes, while minor, may reflect evolving housing needs across different demographic groups.
Zip code 30307 has maintained a consistent commitment to affordable housing through LIHTC funding over nearly three decades. With 534 total units, including 229 low-income units, the LIHTC program has made a significant contribution to the area's housing diversity. The variety of unit sizes available caters to different household needs, while the continued development of projects through 2018 suggests an ongoing response to housing demands in a growing and economically dynamic community. The zip code's share of state LIHTC credits and the substantial federal funding per unit underscore the importance of affordable housing in this area of Atlanta.