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Affordable Housing Inventory Analysis in Zip Code 33905: LIHTC Funded Projects in Buckingham, Florida
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 33905, located in Buckingham, Florida, contains a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 224 total units, with 8 units designated as low-income. Based on the 2022 population of 36,169 and an estimated 13,858 housing units, the LIHTC funded affordable housing comprises approximately 1.62% of the zip code's estimated housing inventory.
The LIHTC projects in zip code 33905 have received $204,379 in project tax credits, averaging $912 per unit in federal funding. This zip code accounts for 0.03% of Florida's total LIHTC funding allocation. Affordable housing has been present in this zip code since at least 2003, with the completion of the Oaks At Omni 2001 project. The most recent project, Brookside Village, was completed in 2015, indicating over a decade of LIHTC investment in the area. The 2010s saw the most affordable housing activity, with Brookside Village being a notable addition to the inventory.
The LIHTC funded housing stock in zip code 33905 consists of 44 one-bedroom units, 154 two-bedroom units, and 26 three-bedroom units. This distribution suggests a focus on accommodating small to medium-sized households.
Over the past decade, zip code 33905 has experienced steady population growth, increasing from 28,649 in 2013 to 36,169 in 2022. Median income has also risen significantly, from $48,137 in 2013 to $60,071 in 2022. The racial composition has remained relatively stable, with a slight increase in the white population from 52% in 2013 to 54% in 2022, and a small decrease in the Hispanic population from 35% to 34% over the same period.
The completion of Brookside Village in 2015 aligns with a period of population growth and rising median incomes, suggesting a response to increasing housing demand and changing economic conditions in the area.
Zip code 33905 has a modest LIHTC funded affordable housing inventory, covering about 1.62% of the estimated housing stock. The area has seen consistent investment in affordable housing over more than a decade, with projects adapting to local demographic trends. The relatively low percentage of coverage indicates there may be additional housing needs or other programs contributing to affordable housing in this zip code.
