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Affordable Housing Analysis in Zip Code 36319: Columbia's LIHTC Inventory
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Columbia, Alabama, zip code 36319, is a rural area with a population of 2,710 as of 2022. This zip code has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 14 total units, all designated as low-income units. Based on the estimated 1,038 housing units in the zip code, the LIHTC funded affordable housing covers approximately 1.35% of the estimated housing inventory.
The LIHTC program has invested $14,975 in project tax credits for affordable housing in this zip code. This translates to an average federal funding of $1,069.64 per unit. The zip code holds 0.01% of the total state LIHTC funding, indicating a relatively small allocation compared to other areas in Alabama.
The affordable housing in this zip code has been present since 1992, with the completion of the Columbia-Hall Apartments project. This single project represents the entirety of the LIHTC funded affordable housing in the area, providing 14 two-bedroom units. The 1990s marked the decade with the most affordable housing development in this zip code.
Over the past decade, the population in this zip code has remained relatively stable, fluctuating between 2,282 and 2,720 residents. The median income has shown an overall increasing trend, rising from $33,586 in 2016 to $50,658 in 2022. This growth in median income might partially explain why no additional LIHTC projects have been developed in recent years.
The racial composition of the zip code has remained predominantly white, with a slight increase from 84% in 2016 to 87% in 2022. The Black population has decreased slightly from 11% to 10% during the same period. These demographic shifts have been relatively minor and may not have significantly influenced LIHTC development decisions.
The LIHTC funded affordable housing in zip code 36319 consists of a single project completed in 1992, providing 14 two-bedroom units. This represents a small portion (1.35%) of the estimated housing inventory. The area has seen modest population growth and increasing median income over the past decade, which may have influenced the lack of recent LIHTC developments. The current LIHTC inventory is limited in this zip code.
