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Affordable Housing in Hackleburg: LIHTC's Impact on a Small Alabama 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
Hackleburg, Alabama, maintains a modest Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The town has one LIHTC project, providing 12 affordable units, all designated as low-income. This represents approximately 1.55% of the town's estimated 774 housing units.
The Skyline Apartments, completed in 1998, is Hackleburg's sole LIHTC project. It received $19,560 in tax credits, averaging $1,630 per unit in federal funding. This funding constitutes 0.01% of Alabama's total state allocation for affordable housing.
The Skyline Apartments consist of 4 one-bedroom and 8 two-bedroom units, catering to small families and individuals in the low-income community. This composition reflects an effort to address diverse housing needs within the constraints of a single project.
Demographic trends over the past decade show Hackleburg's population has slightly declined from 2,256 in 2010 to 2,020 in 2022. The median income has improved from $24,003 in 2013 to $31,144 in 2022, indicating gradual economic recovery. Racially, Hackleburg has remained stable, with the white population consistently representing about 96% of the total.
The absence of additional LIHTC projects in recent years may be attributed to the town's relatively stable population and modest income growth. However, the existing LIHTC-funded housing represents only a small fraction of the estimated housing needs for low-income residents, assuming approximately 30% of the population might require affordable housing options.
In conclusion, Hackleburg's LIHTC-funded affordable housing inventory provides a foundation for addressing low-income housing needs. The Skyline Apartments project has been a consistent component of the town's housing landscape for over two decades. Ongoing assessment of affordable housing needs will be essential to ensure adequate support for low-income residents as the town continues to evolve.
