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Affordable Housing in Bridlewood: LIHTC Impact 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
The neighborhood of Bridlewood in Birmingham, Alabama, features a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The area contains 72 total units in LIHTC funded projects, with 61 designated as low-income units. These LIHTC funded units represent approximately 6.9% of the estimated 1,050 housing units in the neighborhood.
The LIHTC program has made a substantial investment in Bridlewood, with project tax credits totaling $491,882. This equates to an average federal funding of about $6,832 per unit in LIHTC funded projects. The affordable housing stock comprises 12 one-bedroom units, 36 two-bedroom units, and 24 three-bedroom units, offering a range of housing options for residents.
Carson Landing Apartments, completed in 2002, is a notable LIHTC project in Bridlewood. This development targets individuals with mental illness, addressing a specific community need. The presence of such targeted housing demonstrates a commitment to serving diverse populations within the affordable housing framework.
Bridlewood has experienced demographic changes over the past decade that may relate to its affordable housing landscape. The neighborhood's population decreased from 3,525 in 2015 to 2,740 in 2022, a decline of about 22%. The median income also fluctuated, dropping from $48,499 in 2015 to $44,896 in 2022, a decrease of approximately 7.4%.
Racial demographics in Bridlewood have shifted as well. The Black population increased from 73% in 2015 to 87% in 2022, while the White population decreased from 21% to 10% during the same period. These demographic changes may influence the ongoing need for affordable housing in the neighborhood.
Bridlewood's affordable housing landscape is characterized by significant LIHTC-funded development that addresses specific community needs, particularly for individuals with mental illness. While the LIHTC funded units represent a modest portion of the estimated housing inventory, they play a crucial role in providing affordable options. The neighborhood has experienced population decline and income fluctuations over the past decade, along with shifts in racial composition. These demographic trends, coupled with the existing LIHTC investment, suggest an ongoing need for affordable housing solutions in Bridlewood.
