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Affordable Housing in Gorgas: A Neighborhood's Single LIHTC Project 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
The Gorgas neighborhood in Mobile, Alabama, features one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project. This project, Pecan Cove Apts, provides 24 units, with 6 designated as low-income units. The estimated housing inventory in Gorgas is approximately 1,175 units, based on the 2022 population of 3,068 and the national average household size. LIHTC funded affordable housing comprises about 2% of the estimated housing inventory in the neighborhood.
Pecan Cove Apts received $628,829 in tax credits, averaging approximately $26,201 per unit in federal funding. The project was completed in 2005, marking the introduction of LIHTC funded affordable housing in Gorgas. It offers a variety of unit sizes: 4 one-bedroom units, 4 two-bedroom units, and 16 three-bedroom units, accommodating different household sizes.
Gorgas has experienced a notable population decline over the past decade, decreasing from 4,398 residents in 2014 to 3,068 in 2022. Despite this reduction, the median income has increased from $22,310 in 2014 to $33,454 in 2022. This rise in median income may partially explain the absence of new LIHTC projects in recent years.
The racial composition of Gorgas has remained relatively consistent, with the Black population constituting the majority (96% in 2022) of residents. A slight increase in racial diversity has occurred, with the White population growing from 2% in 2014 to 3% in 2022, and the population identifying as two or more races increasing from 0% to 1% during the same period.
In summary, the Gorgas neighborhood's LIHTC funded affordable housing inventory consists of a single project completed in 2005, providing 24 units with 6 designated as low-income. This project covers a small percentage of the estimated housing inventory. The neighborhood has experienced population decline and income growth over the past decade, potentially influencing the lack of new LIHTC developments. The racial composition has remained predominantly Black, with slight increases in diversity. These demographic changes provide context for understanding the affordable housing landscape in Gorgas.
