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Affordable Housing in Zip Code 30180: Analysis of LIHTC-Funded Projects in Villa Rica, 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 30180 in Villa Rica, Georgia contains a notable inventory of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. This area encompasses 236 total units in LIHTC-funded projects, with 176 designated as low-income units. Based on the 2022 population of 41,009 and an estimated 15,712 housing units, LIHTC-funded affordable housing constitutes approximately 1.5% of the total housing stock in this zip code.
The LIHTC program has invested $1,318,349 in tax credits for affordable housing projects in zip code 30180. This equates to an average federal funding of $5,586 per unit. This zip code accounts for 0.39% of Georgia's total LIHTC funding, indicating a moderate concentration of affordable housing investment in this area.
Affordable housing in zip code 30180 spans nearly two decades. The first project, Hickory Falls Apartments, was completed in 2004. The most recent developments, Conners Senior Village and Conners Senior Village Phase II, were both completed in 2012, marking the decade with the most affordable housing activity.
The inventory includes a mix of unit types, with 12 one-bedroom and 48 two-bedroom units recorded. This distribution suggests a focus on accommodating small families and individuals.
Zip code 30180 has experienced steady population growth over the past decade, increasing from 35,684 in 2015 to 41,009 in 2022. Median income has also risen, from $63,990 in 2015 to $74,876 in 2022, potentially indicating a growing need for affordable housing options to maintain economic diversity.
Racial demographics in zip code 30180 have shifted slightly. The white population decreased from 67% in 2015 to 61% in 2022, while the black population increased from 21% to 27% during the same period. The Hispanic population grew from 5% to 7%. These changes suggest an increasing diversity that may influence future affordable housing needs.
Zip code 30180 has a modest LIHTC-funded affordable housing inventory, representing about 1.5% of the estimated total housing stock. The area has seen consistent population growth and income increases over the past decade, along with increasing racial diversity. No new LIHTC projects have been recorded since 2012. The changing demographics may indicate an evolving need for affordable housing options in this community.
