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Johns Creek's Affordable Housing: LIHTC Impact in a Growing City
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Johns Creek, a city in Georgia, maintains a limited inventory of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The LIHTC program in the city has resulted in the development of 180 total affordable units. Based on the city's 2022 population of 82,458 and an estimated 31,593 housing units, the LIHTC-funded affordable housing comprises approximately 0.57% of the city's estimated housing inventory.
Johns Creek has two LIHTC-funded projects, both completed in 2012. These projects are "Hearthside At Johns Creek Walk / Heritage Jcw" and "Hearthside At Johns Creek Walk," each providing 90 units. The housing mix in these projects consists of 38 one-bedroom units and 142 two-bedroom units, offering options for different household sizes.
Over the past decade, Johns Creek has experienced relatively stable population growth, increasing from 82,325 in 2012 to 82,458 in 2022. During this period, the median income has shown a significant upward trend, rising from $102,251 in 2013 to $149,145 in 2022. This substantial increase in median income may partially explain the absence of new LIHTC projects since 2012, as the overall economic profile of the city has improved.
The 2022 racial demographics of Johns Creek indicate a diverse population, with 47% White, 28% Asian, 13% Black, 6% Hispanic, and 6% identifying as two or more races. This diversity suggests a potential need for culturally sensitive affordable housing options to serve various community segments.
Johns Creek's LIHTC-funded affordable housing inventory, while limited, provides 180 units primarily consisting of one and two-bedroom apartments. The two projects, both completed in 2012, represent a small fraction of the city's estimated housing stock. The lack of new LIHTC developments in the past decade coincides with a period of significant median income growth in the city. As Johns Creek continues to evolve demographically and economically, ongoing assessment of affordable housing needs will be crucial to ensure a balanced housing market that serves all segments of its diverse population.
