The sole LIHTC project in this zip code, named Woodwinds, was completed in 2019. This recent development indicates that affordable housing initiatives through the LIHTC program have only recently been implemented in the area. Woodwinds consists of 96 units, with a distribution of 24 one-bedroom, 48 two-bedroom, and 24 three-bedroom apartments. This mix provides options for various household sizes, accommodating different needs within the community.

Over the past decade, the zip code has experienced substantial population growth, increasing from 14,006 in 2010 to 23,338 in 2022. This rapid growth may have contributed to the need for additional housing options, including affordable housing. The median income in the area has also increased, rising from $65,995 in 2013 to $74,510 in 2022. Despite this increase, the implementation of the LIHTC project in 2019 suggests a recognized need for affordable housing options in the community.

Racial demographics have remained relatively stable over the past decade, with a slight increase in diversity. The white population has decreased from 64% in 2013 to 59% in 2022, while the Hispanic population has increased from 17% to 24% during the same period. This shift in demographics may have influenced the decision to develop affordable housing to accommodate a more diverse population with varying income levels.

The analysis of LIHTC-funded affordable housing in zip code 34715 reveals a recent entry into affordable housing development through the LIHTC program. With one project providing 96 units, the LIHTC-funded housing comprises a small portion of the estimated housing inventory. The area has experienced significant population growth and increasing median income over the past decade, which may have influenced the decision to implement affordable housing options. While the LIHTC project contributes to the area's housing diversity, it represents a modest percentage of the overall housing stock in this rapidly growing zip code.