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Affordable Housing in Bridgeport, Alabama: A Decade of Stagnation Amidst 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
Bridgeport, Alabama, maintains a modest Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city's total of 48 affordable units, all designated as low-income, represents approximately 3.7% of the estimated 1,285 housing units in the city. Bridgeport has received $30,880 in project tax credits from the LIHTC program, with an average federal funding of $15,440 per project and $643 per unit. The city holds 0.02% of the total state LIHTC funding.
The affordable housing presence in Bridgeport spans from 1988 to 1993, with two notable projects: Ridgecrest Apts completed in 1988 and Arbor Gate Apts in 1993. The 1980s and 1990s were the decades with the most affordable housing projects completed in the city. The LIHTC funded housing inventory in Bridgeport consists of 48 total units, including 2 one-bedroom units and 4 two-bedroom units. The remaining unit types are not specified in the available data.
Over the last decade, Bridgeport's population has fluctuated, with a slight overall increase from 3,064 in 2019 to 3,353 in 2022. The median income has shown significant growth, rising from $31,411 in 2019 to $47,256 in 2022, indicating potentially improving economic conditions for residents.
Racial demographics have remained relatively stable, with a predominantly white population (83% in 2022). There has been a slight increase in Hispanic representation (from 1% in 2016 to 7% in 2022) and individuals identifying as two or more races (from 0% in 2019 to 6% in 2022). Despite these demographic changes, no new LIHTC projects have been recorded in the last decade. This could be due to the existing affordable housing stock meeting current needs or other factors not captured in the available data.
Bridgeport's LIHTC funded affordable housing inventory provides 48 low-income units to the community. The city's affordable housing projects were developed in the late 1980s and early 1990s, with no recent additions. Despite this, the city has experienced population growth and a significant increase in median income over the past decade. The racial composition has remained relatively stable, with a slight increase in diversity. These demographic trends may influence future affordable housing needs in Bridgeport.
