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Sugar Hill's Affordable Housing: LIHTC Program's Impact on a Growing Georgia 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
Sugar Hill, Georgia, implements the Low-Income Housing Tax Credit (LIHTC) program for affordable housing. The city's LIHTC-funded inventory comprises 83 total units, with 13 designated as low-income. Based on the 2022 population of 41,500 and an estimated 15,900 housing units, LIHTC-funded affordable housing represents approximately 0.52% of the city's estimated housing inventory.
Sugar Hill has received $287,047 in project tax credits for its LIHTC-funded affordable housing. With one project, this amounts to an average federal funding of $287,047 per project and $3,458 per unit. The city holds 0.09% of Georgia's total state LIHTC funding, indicating a small share of the state's affordable housing resources.
The sole LIHTC project in Sugar Hill, Plantation Ridge, was completed in 1998. This project has provided affordable housing options in the city for over two decades. The development consists of 83 units, including 4 one-bedroom units, 1 two-bedroom unit, and 78 three-bedroom units. This unit distribution suggests a focus on accommodating families or larger households.
Sugar Hill experienced significant population growth from 33,794 in 2013 to 41,500 in 2022. During this period, the median income increased from $90,135 in 2013 to $107,728 in 2022, potentially indicating growing affluence in the city.
The racial demographics of Sugar Hill have changed over the last decade. The white population decreased from 61% in 2013 to 55% in 2022, while the Asian population increased from 8% to 17%. The Black population increased slightly from 11% to 13%. The Hispanic population decreased from 13% to 12%.
Despite demographic changes and population growth, no new LIHTC projects have been developed in Sugar Hill since 1998. This may be due to the rising median income, which might reduce the perceived need for additional affordable housing units.
Sugar Hill's LIHTC-funded affordable housing inventory is small compared to its overall housing stock, with only one project completed in 1998. The city has experienced significant population growth and increasing median income over the past decade, along with shifts in racial demographics. While the existing LIHTC project provides some affordable housing options, particularly for larger households, the lack of recent LIHTC developments may warrant further investigation into the city's current affordable housing needs and strategies.
