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Affordable Housing in Blountsville: LIHTC Impact on Small Alabama Town
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Blountsville, Alabama, maintains a modest Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city has 48 affordable housing units, all categorized as low-income units. These LIHTC-funded units represent approximately 2.66% of Blountsville's estimated 1,803 housing units as of 2022.
Blountsville has received $142,375 in project tax credits through the LIHTC program. This funding is distributed across two projects, resulting in an average federal funding of $71,187.50 per project and $2,966.15 per unit. Blountsville's LIHTC funding accounts for 0.08% of Alabama's total LIHTC allocation.
The city's affordable housing development occurred between 1990 and 1995, with two projects: Blountsville II completed in 1990 and Blountsville I finished in 1995. The 1990s marked the most active period for affordable housing project completion in the city. The LIHTC-funded housing inventory in Blountsville consists of 24 one-bedroom units, 18 two-bedroom units, and 6 three-bedroom units, indicating a focus on accommodating smaller households and families.
Blountsville's population has fluctuated over the past decade, reaching a peak of 5,759 in 2019 before declining to 4,706 in 2022. The median income has shown an overall upward trend, increasing from $31,190 in 2013 to $42,501 in 2022. The racial composition has remained relatively stable, with a predominantly white population (84% in 2022) and a small but consistent Hispanic presence (ranging from 7% to 13% over the decade).
The absence of new LIHTC projects in the last decade may be attributed to the rising median income, potentially indicating a reduced need for additional low-income housing. However, the recent population decline might suggest a shift in housing demands that warrants further investigation.
Blountsville's LIHTC-funded affordable housing inventory, while modest, provides 48 units of low-income housing. The city received over $142,000 in tax credits, contributing to 0.08% of Alabama's total LIHTC funding. The housing stock is diverse, catering to different household sizes. While no new LIHTC projects have been initiated in recent years, the existing inventory continues to play a role in the city's housing landscape. The changing demographics, including population fluctuations and income growth, may influence future affordable housing needs in Blountsville.
