Zip code 33598 has experienced significant demographic changes over the past decade. The population has more than doubled, increasing from 12,535 in 2013 to 28,431 in 2022. Concurrently, the median income has risen from $49,746 in 2013 to $65,754 in 2022, indicating overall economic improvement in the area. The racial composition has also shifted, with the Hispanic population decreasing from 49% in 2013 to 41% in 2022, while the Black population increased from 5% to 13% during the same period. The White population remained relatively stable, decreasing slightly from 43% to 38%.

Despite these demographic changes and substantial population growth, no new LIHTC projects have been developed in zip code 33598 in the last decade. This lack of recent affordable housing development could be attributed to various factors, including changes in funding priorities, land availability, or shifts in housing needs. The absence of new LIHTC projects in the face of significant population growth raises questions about the current adequacy of affordable housing in the area.

In summary, zip code 33598 in Wimauma, Florida, contains two LIHTC funded affordable housing projects that provide 192 low-income units. These projects, completed in 1997 and 2003, represent about 1.76% of the estimated housing stock. The area has undergone substantial population growth and demographic shifts over the past decade, including increases in median income and changes in racial composition. The most recent LIHTC project specifically targets farmworkers and fishermen, addressing unique local housing needs. While LIHTC funded housing contributes to the affordable housing inventory in this zip code, the lack of new projects in recent years suggests that additional factors may be influencing affordable housing development in the area. Further research may be necessary to determine if the current affordable housing stock adequately meets the needs of the growing and changing population in zip code 33598.