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Affordable Housing in Bayou La Batre: LIHTC Funding and Demographic Shifts
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Bayou La Batre, a city in Alabama, has a total of 92 units in LIHTC-funded projects, with 65 designated as low-income units. Based on the 2022 population of 7,205 and an estimated 2,761 housing units, the LIHTC-funded affordable housing represents approximately 3.3% of the city's estimated housing inventory.
Bayou La Batre has received $143,964 in project tax credits through the LIHTC program. With approximately 3 projects, this translates to an average of $47,988 in federal funding per project. Considering the total of 92 units, the average federal funding per unit is about $1,565. The city holds 0.08% of Alabama's total LIHTC funding.
The city's affordable housing development spans a decade, with the first LIHTC project, Gulf Breeze Apartments, completed in 2000, and the most recent, Bayou Village Apartments, in 2010. The 2000s saw the most affordable housing development in Bayou La Batre.
The LIHTC-funded housing stock in Bayou La Batre consists of 10 one-bedroom units, 40 two-bedroom units, and 15 three-bedroom units. This distribution suggests a focus on accommodating small to medium-sized families.
Over the past decade, Bayou La Batre's population has remained relatively stable, fluctuating between 6,819 and 7,508. The median income has shown an overall increasing trend, rising from $40,736 in 2013 to $46,329 in 2022, with some fluctuations.
Regarding racial distribution, the city has experienced some shifts. The white population decreased from 79% in 2019 to 67% in 2022, while the Black population increased from 6% to 14% during the same period. The Asian population has remained relatively stable at around 9-10% in recent years.
Bayou La Batre's LIHTC-funded affordable housing inventory, while modest in size, provides housing options for low-income residents. The city's three LIHTC projects, developed over a decade, offer a mix of unit sizes to accommodate various household needs. Demographic shifts have occurred in recent years, particularly in racial composition, while the stable population and gradually increasing median income suggest a consistent need for affordable housing options in the community.
