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Affordable Housing Analysis in Zip Code 36863: LIHTC Impact on Huguley, 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 36863, located in Huguley, Alabama, has a population of 11,858 as of 2022. The Low-Income Housing Tax Credit (LIHTC) program has funded 48 affordable housing units in this area, all of which are designated as low-income units. Based on an estimated housing inventory of 4,543 units in the zip code, the LIHTC-funded affordable housing comprises approximately 1.06% of the area's housing stock.
The LIHTC program has invested $184,470 in tax credits for affordable housing projects in zip code 36863. This investment translates to an average federal funding of $3,843 per unit and represents 0.1% of Alabama's total LIHTC funding allocation. The Garden Greene Apts, completed in 2006, is the only LIHTC-funded project in the zip code. This development has provided affordable housing options to the community for over 15 years. The project consists of 48 units, including 2 one-bedroom and 28 two-bedroom apartments, suggesting a focus on accommodating small families and individuals.
Over the past decade, zip code 36863 has experienced demographic shifts. The population has remained relatively stable, increasing slightly from 11,227 in 2020 to 11,858 in 2022. Median income has shown a positive trend, rising from $39,424 in 2020 to $45,961 in 2022, indicating an improving economic situation for residents.
Racial demographics in zip code 36863 have evolved. The Black population increased from 44% in 2020 to 48% in 2022, while the White population decreased from 48% to 45% during the same period. The Hispanic population showed a slight increase from 4% to 5%. These changes suggest a gradually diversifying community.
Despite the improving median income, the presence of LIHTC-funded housing indicates an ongoing need for affordable options in zip code 36863. The stability of the LIHTC inventory over the past decade, with no new projects since 2006, may suggest that the existing units have been meeting a consistent demand for affordable housing.
Zip code 36863 in Huguley, Alabama, has a modest LIHTC-funded affordable housing presence, with 48 units representing about 1.06% of the estimated housing stock. The single LIHTC project, Garden Greene Apts, has served the community since 2006. While the area has seen improvements in median income and slight population growth, the maintained LIHTC inventory suggests a continued need for affordable housing options. The changing racial demographics reflect a community in transition, which may influence future affordable housing needs and strategies in zip code 36863.
