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Affordable Housing Analysis in Zip Code 31322: LIHTC Impact on Pooler, Georgia
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 31322 in Pooler, Georgia, exhibits a diverse affordable housing landscape supported by the Low-Income Housing Tax Credit (LIHTC) program. This area contains 130 units in LIHTC-funded projects, with 58 designated as low-income units. Based on the 2022 population of 24,417 and an estimated 9,355 housing units in the zip code, LIHTC-funded affordable housing comprises approximately 1.39% of the total housing inventory.
The LIHTC projects in zip code 31322 have received $565,834 in tax credits, averaging about $4,352 per unit. This funding represents 0.17% of the total LIHTC credits allocated to Georgia, indicating a modest investment in affordable housing for this specific area.
Affordable housing has been present in zip code 31322 for over a decade. The first LIHTC project, Sheppard Station Apartments, was completed in 2009. The most recent addition, Pinewood Village II Apartments, was finished in 2018. The 2010s saw the most activity in affordable housing development, with three out of four projects completed during this decade.
The LIHTC-funded housing stock in zip code 31322 consists primarily of two-bedroom units (57), with smaller numbers of one-bedroom (4), three-bedroom (3), and four-bedroom (1) units. This distribution suggests a focus on accommodating small families or couples.
Over the past decade, zip code 31322 has experienced significant population growth, increasing from 17,524 in 2010 to 24,417 in 2022. This growth aligns with the development of LIHTC projects, suggesting a response to increased housing demand. The median income has also risen substantially, from $74,604 in 2013 to $85,357 in 2022, potentially indicating a growing need for affordable housing options in an increasingly affluent area.
Racial demographics in zip code 31322 have remained relatively stable, with a slight increase in diversity. The white population decreased from 55% in 2013 to 52% in 2022, while the Hispanic population grew from 4% to 7%. The Black population has fluctuated between 30-36% during this period. This demographic shift may have influenced the development of diverse housing options, including affordable units.
Zip code 31322 in Pooler, Georgia, has seen steady development of LIHTC-funded affordable housing over the past decade, coinciding with significant population growth and rising median incomes. While the current affordable housing stock represents a small portion of the total housing inventory, it provides important options for low-income residents in an area experiencing economic growth. The distribution of unit sizes suggests a focus on accommodating various household compositions, reflecting the diverse needs of the community.
