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Affordable Housing in Headland, Alabama: Analyzing the City's Single LIHTC Project
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Headland, Alabama, a city with a population of 6,754 as of 2022, has a limited Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city's LIHTC program has funded a total of 24 affordable housing units, all of which are designated as low-income units. These units represent approximately 0.93% of the city's estimated housing stock of 2,588 units.
Headland has received $125,777 in project tax credits from the LIHTC program for affordable housing. This funding represents 0.07% of the total state LIHTC funding for Alabama. The average federal funding per unit is $5,241. The city has only one LIHTC project, Countryside Villas, which was completed in 1998.
Countryside Villas consists of 24 units, comprising 18 two-bedroom units and 6 three-bedroom units. This distribution indicates a focus on accommodating small to medium-sized families in the affordable housing inventory. The 1990s represent the only decade with LIHTC-funded affordable housing projects completed in Headland.
Headland's population has shown a slight increase over the last decade, growing from 6,393 in 2013 to 6,754 in 2022. The median income has risen significantly, from $60,071 in 2013 to $71,277 in 2022. This increase in median income may partially explain the absence of new LIHTC projects in recent years.
The racial composition of Headland has remained relatively stable. The Black population decreased slightly from 23% in 2013 to 18% in 2022, while the White population increased from 74% in 2013 to 77% in 2022. The Hispanic population has consistently remained around 1% throughout this period.
Headland's LIHTC-funded affordable housing inventory consists solely of the Countryside Villas project, completed in 1998. This project provides 24 low-income units, representing a small portion of the city's estimated housing stock. Despite population growth and a significant increase in median income over the past decade, no new LIHTC projects have been developed during this time. The city's demographic trends, including the relatively stable racial composition with a slight shift towards a higher percentage of White residents, may have influenced the perceived need for additional affordable housing in recent years.
