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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 30101, located in Acworth, Georgia, encompasses an area of 43.87 square miles and had a population of 61,465 as of 2022. The Low-Income Housing Tax Credit (LIHTC) program has been instrumental in funding affordable housing projects within this zip code. The estimated housing inventory for this zip code is 23,550 units. However, specific data on the total number of affordable units and low-income units is not available.
The LIHTC program has allocated $1,667,213 in tax credits to projects in zip code 30101, which represents 0.49% of the total state funding for Georgia. This allocation indicates a moderate level of investment in affordable housing for this area relative to the state as a whole. The zip code has witnessed LIHTC-funded affordable housing projects completed over a span of nearly two decades, with the earliest recorded project, Wingate Falls, completed in 1998, and the most recent known project, Legacy At Walton Park, completed in 2016.
The 2010s saw the most activity in terms of affordable housing development in zip code 30101, with projects such as Legacy At Walton Terrace (2012) and Legacy At Walton Park (2016) being completed during this decade. This trend suggests a sustained effort to provide affordable housing options in the area over time.
The population in zip code 30101 has grown steadily over the past decade, increasing from 53,618 in 2013 to 61,465 in 2022, representing a growth of approximately 14.6%. This population growth may have contributed to the need for additional affordable housing options. The median income in the zip code has fluctuated but generally increased over the same period, rising from $93,437 in 2013 to $100,271 in 2022. Despite this overall increase in median income, the continued development of LIHTC projects suggests an ongoing need for affordable housing options for lower-income residents.
Racial demographics in zip code 30101 have shown shifts over the past decade. The white population decreased from 72% in 2013 to 66% in 2022, while the Black population increased from 15% to 19%, and the Hispanic population grew from 6% to 10%. This increasing diversity may have influenced the types of affordable housing projects developed in the area.
Zip code 30101 in Acworth, Georgia, has experienced consistent investment in affordable housing through the LIHTC program over the past two decades. The allocation of tax credits and the completion of multiple projects indicate an ongoing effort to address affordable housing needs in the area. The zip code's population growth, fluctuating median income, and increasing diversity have likely played roles in shaping the affordable housing landscape. Continued monitoring of demographic trends and housing needs will be crucial for ensuring adequate affordable housing options in the future.