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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Peachtree City, Georgia, is characterized by its network of golf cart paths connecting the community. The city has 102 LIHTC-funded affordable housing units, with 100 designated as low-income units. These units represent approximately 0.63% of the city's estimated 16,177 housing units.
The city has received $930,000 in project tax credits from the LIHTC program. With three projects, this equates to an average federal funding of $310,000 per project and $9,118 per unit. Peachtree City accounts for 0.28% of Georgia's total LIHTC funding.
The first LIHTC project in Peachtree City, Peachtree Station, was completed in 1993, and the most recent project, Hearthside At Peachtree City, was finished in 2013. This indicates a 20-year presence of affordable housing in the city. The 1990s saw the highest number of affordable housing project completions.
The LIHTC-funded housing inventory in Peachtree City consists of 16 one-bedroom units and 8 two-bedroom units. Hearthside At Peachtree City, the largest project, accounts for 84 of the total units, with 82 designated as low-income units.
Peachtree City's population increased from 38,646 in 2013 to 42,222 in 2022. The median income rose from $104,083 in 2013 to $111,313 in 2022, indicating an affluent community.
The city's racial composition has become more diverse. The white population decreased from 79% in 2013 to 71% in 2022, while the Asian population increased from 4% to 8%, and the Black population grew from 7% to 9%. The Hispanic population increased from 7% to 9%.
No new LIHTC projects have been built since 2013. This may be attributed to the city's high median income and relatively low population growth rate, potentially reducing the perceived need for additional affordable housing.
Peachtree City's LIHTC-funded affordable housing inventory represents a small portion of its total housing stock. The city has received nearly $1 million in tax credits for these projects, developed over two decades. While the population and median income have grown steadily, and the city has become more diverse, no new LIHTC projects have been initiated in recent years. This analysis provides an objective view of the LIHTC-funded affordable housing situation in Peachtree City, acknowledging that other programs may contribute to the overall affordable housing inventory.