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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 35222 in Birmingham, Alabama, contains 64 units of Low-Income Housing Tax Credit (LIHTC) funded affordable housing, with 54 designated as low-income units. Based on the 2022 population of 7,818 and an estimated 2,995 housing units, LIHTC funded affordable housing represents approximately 2.14% of the estimated housing inventory in this zip code.
The LIHTC program has invested $518,241 in tax credits for affordable housing projects in zip code 35222. This equates to an average federal funding of $8,097 per unit. The zip code accounts for 0.29% of the total LIHTC funding allocated to Alabama.
Affordable housing presence in zip code 35222 dates back to 2001, with the completion of Avondale Gardens. This project, the only LIHTC funded development in the area, was designed to serve individuals with mental illness. Avondale Gardens includes 46 one-bedroom units, 6 two-bedroom units, and 12 three-bedroom units, suggesting a focus on accommodating individuals and small families.
Zip code 35222 has experienced demographic shifts over the past decade. The population has remained relatively stable, with a slight decrease from 7,945 in 2013 to 7,818 in 2022. Median income has increased from $51,900 in 2013 to $63,043 in 2022, indicating an improvement in economic conditions.
Racial demographics in zip code 35222 have changed. The white population increased from 54% in 2013 to 62% in 2022, while the black population decreased from 39% to 32% during the same period. The Hispanic population remained stable at around 2-3%. Despite these demographic changes, no new LIHTC projects have been developed in the last decade, possibly due to the increased median income reducing the perceived need for additional affordable housing.
Zip code 35222 in Birmingham, Alabama, has one LIHTC funded affordable housing project, Avondale Gardens, serving the community since 2001. This project, focused on individuals with mental illness, represents a small but significant portion of the area's housing inventory. While demographic changes over the past decade show an increase in median income and shifts in racial composition, the affordable housing stock has remained constant. This analysis provides insight into the role of LIHTC funding in addressing affordable housing needs in zip code 35222.