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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Dothan, Alabama, known as the "Peanut Capital of the World," has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 489 total units, with 471 designated as low-income units. This represents approximately 1.81% of the city's estimated 27,021 housing units. The LIHTC program in Dothan has received $3,204,714 in project tax credits, averaging $356,079 per project and $6,554 per unit across approximately 9 projects. Dothan's share accounts for 1.8% of Alabama's total LIHTC funding.
The LIHTC program has been active in Dothan for over two decades, with projects ranging from 1987 to 2010. The 1990s saw the most activity, with four projects completed during this period. The LIHTC-funded housing in Dothan offers a range of unit types, including 16 one-bedroom, 222 two-bedroom, 150 three-bedroom, and 14 four-bedroom units, accommodating families of various sizes.
Dothan's population has grown from 66,121 in 2010 to 70,524 in 2022, a 6.7% increase. The median income has risen from $41,082 in 2013 to $53,929 in 2022. The 2022 race distribution shows a diverse population, with 58% White, 33% Black, 5% Hispanic, and 4% identifying as two or more races.
No new LIHTC projects have been reported in the last decade. However, the population growth and income increase suggest a potential need for additional affordable housing options to keep pace with the city's development.
Dothan's LIHTC-funded affordable housing inventory represents a small but significant portion of the city's housing stock. The program has provided nearly 500 units over two decades, with a focus on family-sized accommodations. The city's growing population and rising median income indicate a potential need for continued investment in affordable housing to ensure balanced community development.