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Affordable Housing Analysis in Zip Code 35180: LIHTC Funded Project in Warrior, Alabama
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 35180, located in Warrior, Alabama, contains 36 total affordable housing units funded by the Low-Income Housing Tax Credit (LIHTC) program. These units are all designated as low-income units. The zip code covers 85.69 square miles and had a population of 14,645 in 2022. Based on the national average household size of 2.61, the estimated housing inventory in this zip code is 5,611 units. The LIHTC funded affordable housing represents 0.64% of the estimated housing units in the zip code.
The LIHTC program has allocated $45,186 in tax credits for affordable housing projects in zip code 35180, which accounts for 0.03% of the total state funding. This equates to an average of $1,255 in federal funding per affordable unit. The only LIHTC funded project in this zip code is Warrior Apts Phase II, completed in 1990. This project has provided affordable housing in the area for over 30 years.
Warrior Apts Phase II consists of 36 units, comprising 12 one-bedroom and 24 two-bedroom apartments. This unit distribution indicates a focus on accommodating small families and individuals in need of affordable housing.
The population in zip code 35180 has remained relatively stable over the past decade, fluctuating between approximately 14,000 and 14,600 residents. The median income has shown an overall upward trend, increasing from $58,069 in 2013 to $66,920 in 2022, with a peak of $79,961 in 2021. This general increase in median income may suggest a reduced need for additional affordable housing in recent years.
The racial demographics of zip code 35180 have remained predominantly white, consistently accounting for around 90% of the population throughout the last decade. There has been a slight increase in diversity, with the Black population rising from 4% in 2013 to 6% in 2022, and a small but steady presence of Hispanic residents at around 1%.
The LIHTC funded affordable housing in zip code 35180 consists of a single project completed in 1990, providing 36 low-income units. This represents a small portion of the estimated housing inventory but has been a consistent source of affordable housing for over 30 years. The zip code has experienced relative stability in population and a gradual increase in median income over the past decade, which may influence the demand for affordable housing. The racial composition has remained predominantly white, with a slight increase in diversity in recent years.
