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Affordable Housing Analysis in Zip Code 32327: Crawfordville's LIHTC Project
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 32327 in Crawfordville, Florida, has a population of 29,930 as of 2022. This zip code contains one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project, providing 34 low-income units. The estimated housing inventory of 11,467 units indicates that LIHTC funded affordable housing comprises approximately 0.3% of the zip code's housing stock.
The LIHTC project in zip code 32327 received $201,940 in tax credits, averaging $5,939 per unit. This funding represents 0.03% of Florida's total LIHTC allocation, indicating a small portion of the state's affordable housing investment. The sole LIHTC project, Wakulla Trace, was completed in 2006 and consists of 34 one-bedroom apartments, potentially serving a diverse range of low-income residents.
Zip code 32327 has experienced steady population growth, increasing from 27,272 in 2013 to 29,930 in 2022, a 9.7% growth. This may indicate an increasing demand for housing, including affordable options. Median income in the area has risen from $59,435 in 2013 to $71,654 in 2022, a 20.6% increase. This income growth could impact the need for affordable housing, though it may not benefit all population segments equally.
The racial composition of zip code 32327 has remained relatively stable over the past decade. The white population has consistently represented the majority, accounting for about 76-78% of residents. The Black population has remained steady at around 15-16%, while the Hispanic population has seen a slight increase from 2% to 4%. This demographic stability suggests that changes in affordable housing needs are likely driven by factors other than significant shifts in racial composition.
Zip code 32327 in Crawfordville, Florida, has a single LIHTC-funded affordable housing project, Wakulla Trace, completed in 2006. This development provides 34 one-bedroom units, representing a small fraction of the area's estimated housing inventory. The zip code has experienced steady population growth and rising median incomes over the past decade, potentially influencing the demand for affordable housing. The LIHTC project contributes to the area's affordable housing stock, but other programs or initiatives not captured in this data may also be addressing low-income housing needs in the community.
