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Affordable Housing in Camp Hill, Alabama: LIHTC Impact on a Growing Small 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
Camp Hill, Alabama, has one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project. Morningside Apartments provides 16 low-income units to the community. Based on the 2022 population of 2,098 and an estimated housing inventory of approximately 804 units, the LIHTC-funded affordable housing comprises about 2% of the town's estimated housing stock.
The LIHTC program has contributed $21,332 in tax credits to Camp Hill for affordable housing development. This equates to an average federal funding of $21,332 per project and $1,333 per unit. Camp Hill's LIHTC funding constitutes 0.01% of Alabama's total state allocation for the program.
Morningside Apartments, completed in 1993, is the only LIHTC-funded project in Camp Hill. This development has been offering affordable housing options to the community for nearly three decades. The project consists of 16 units, including 4 one-bedroom, 4 two-bedroom, and 8 three-bedroom apartments, providing a range of options for different household sizes.
Over the past decade, Camp Hill has experienced fluctuations in its population, with an overall growth trend. The town's population increased from 1,731 in 2018 to 2,098 in 2022, representing a 21% growth. Concurrently, the median income has shown an upward trend, rising from $28,611 in 2018 to $35,718 in 2022, indicating a 25% increase.
The racial composition of Camp Hill has shifted significantly during this period. The Black population has increased from 79% in 2018 to 84% in 2022, while the White population has decreased from 20% to 13%. The Hispanic population has remained relatively stable, hovering around 1-2%.
Despite these demographic changes and the growth in population and median income, no new LIHTC projects have been developed in Camp Hill over the past decade. This could be attributed to various factors, including changes in funding priorities, local housing market conditions, or the availability of other affordable housing programs.
Camp Hill's LIHTC-funded affordable housing inventory consists of a single project, Morningside Apartments, which has been serving the community since 1993. While this project provides 16 low-income units, it represents a small portion of the town's estimated housing stock. The town has experienced population growth and increased median income over the past decade, along with shifts in racial composition. Despite these changes, no new LIHTC projects have been developed recently, suggesting that other factors may be influencing affordable housing development in the area.
