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Affordable Housing in Hillsdale: LIHTC's Impact on a Changing Neighborhood
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Hillsdale, a neighborhood in Mobile, Alabama, contains 112 affordable housing units funded by the Low-Income Housing Tax Credit (LIHTC) program. These units comprise approximately 18.5% of the estimated 605 total housing units in the area, based on the 2022 population of 1,579 and the national average household size of 2.61. This proportion aligns with typical targets for balanced communities.
The LIHTC program has invested $144,353 in tax credits for Hillsdale's affordable housing, averaging $1,289 per unit. All 112 units are part of a single project, Parklane Apt Homes, completed in 2003. The project consists of an equal number of one-bedroom and two-bedroom apartments, with 56 units of each type.
Hillsdale has experienced demographic changes over the past decade. The population peaked at 1,871 in 2020 before decreasing to 1,579 in 2022. Median income increased significantly from $17,699 in 2017 to $29,893 in 2022, a 69% rise. Racial demographics have also shifted, with the Black population decreasing slightly from 84% in 2020 to 80% in 2022, while the Hispanic population increased from 2% in 2018 to 9% in 2022. The White population remained relatively stable at 11% in 2022.
The rising median income in Hillsdale may suggest a reduced need for additional affordable housing in recent years. However, the existing LIHTC project continues to serve an important role in providing affordable housing options for the community.
Hillsdale's affordable housing is characterized by the single LIHTC-funded project, Parklane Apt Homes, which provides 112 low-income units. This project accounts for approximately 18.5% of the estimated housing inventory, aligning with affordable housing targets. The neighborhood has experienced demographic shifts over the past decade, including population fluctuations, a significant increase in median income, and gradual changes in racial composition. While no new LIHTC projects have been developed recently, the existing affordable housing continues to serve an important function in the community, potentially helping to maintain economic diversity as overall incomes have risen.
