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Affordable Housing in Brundidge, Alabama: LIHTC's Modest Impact on a Small City
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Brundidge, a small city in Alabama, maintains a modest Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city has 24 total affordable units, all of which are designated as low-income units, contributing to the local housing landscape.
Based on the estimated housing inventory of approximately 1,657 units, the LIHTC-funded affordable housing represents about 1.45% of the city's housing stock. This percentage indicates that while LIHTC projects contribute to affordable housing in Brundidge, there may be potential for additional affordable housing initiatives to address the needs of low-income residents.
Brundidge has received $37,930 in project tax credits through the LIHTC program. With one project, this translates to an average federal funding of $37,930 per project and $1,580 per unit. The city holds 0.02% of the total state LIHTC funding, indicating a relatively small but notable share of Alabama's affordable housing resources.
The sole LIHTC project in Brundidge, Stratford Square, was completed in 1991. This project has been providing affordable housing options to the community for over three decades, demonstrating a long-standing commitment to accessible housing in the area.
Stratford Square offers a mix of unit types, with 2 one-bedroom units and 4 two-bedroom units. This distribution suggests a focus on accommodating small families or individuals within the affordable housing framework.
Over the past decade, Brundidge has experienced some fluctuations in its population, with a slight decrease from 4,188 in 2012 to 4,325 in 2022. The median income has shown an overall upward trend, rising from $30,487 in 2013 to $42,273 in 2022, which could indicate changing economic conditions in the city.
Racial demographics have also shifted over this period. The Black population decreased from 52% in 2018 to 38% in 2022, while the Hispanic population grew from 1% to 10%. The White population remained relatively stable, increasing slightly from 45% to 48%. These demographic changes may influence future affordable housing needs and strategies in Brundidge.
Brundidge's LIHTC-funded affordable housing, while modest in scale, has been a consistent presence in the community since 1991. The single project, Stratford Square, provides 24 low-income units, primarily consisting of one and two-bedroom apartments. While the LIHTC inventory covers a small percentage of the estimated housing stock, it represents an important component of the city's affordable housing landscape. The changing demographics and increasing median income in recent years may influence future affordable housing needs and development strategies in Brundidge.
