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Affordable Housing Analysis in Zip Code 36830: LIHTC Funding and Mental Illness Housing
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The zip code 36830 in Auburn, Alabama contains a diverse Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. This area has 248 total units in LIHTC funded projects, with 239 designated as low-income units. This demonstrates a commitment to providing affordable housing options. Based on an estimated 18,144 housing units in the zip code, LIHTC funded affordable housing comprises approximately 1.37% of the total housing inventory.
LIHTC projects in this zip code have received $1,958,310 in tax credits, averaging about $7,896 in federal funding per unit. This represents 1.1% of the total state LIHTC funding, indicating a significant allocation for this specific area. Affordable housing has been present in this zip code for nearly three decades, with the first LIHTC project, Hudson Arms Apts, completed in 1988, and the most recent, Grace Pointe, finished in 2016. The 1980s saw the most affordable housing activity, with two projects completed during that decade.
The inventory includes a mix of unit sizes, with 64 two-bedroom and 32 three-bedroom units recorded. One notable project, Timber Trail, completed in 2002, specifically targets individuals with mental illness, addressing a unique need within the community.
Over the past decade, zip code 36830 has experienced significant population growth, increasing from 34,651 in 2013 to 47,357 in 2022. The median income has also risen, from $64,832 in 2013 to $70,174 in 2022. Racial demographics have remained relatively stable, with a slight increase in the Asian population (from 6% to 9%) and a small decrease in the white population (from 69% to 70%).
The most recent LIHTC project, Grace Pointe, was completed in 2016, coinciding with a period of rapid population growth and increasing median income. This suggests that affordable housing development has been responsive to the area's growing needs.
The zip code 36830 in Auburn, Alabama has a modest but diverse LIHTC funded affordable housing inventory, developed over nearly three decades. While the current inventory covers a small percentage of the total estimated housing units, it represents a significant investment in affordable housing for the area. The mix of unit sizes and targeted populations indicates an effort to meet various community needs. As the area continues to experience population growth and income changes, ongoing monitoring of affordable housing needs will be crucial to ensure adequate support for low-income residents.
