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Affordable Housing in Hurtsboro: LIHTC's Long-Standing 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
Hurtsboro, a small town in Alabama, possesses a limited Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The town has one LIHTC project that provides 23 affordable housing units, all of which are designated as low-income units. Based on the estimated housing inventory of approximately 713 units, the LIHTC funded affordable housing comprises about 3.2% of the town's housing stock.
Hurtsboro has received $34,310 in project tax credits from the LIHTC program for affordable housing. This amount equates to an average federal funding of $34,310 per project and approximately $1,492 per unit. The town's LIHTC funding represents 0.02% of Alabama's total state funding for affordable housing.
The single LIHTC project in Hurtsboro, named Raintree, was completed in 1991. This project has been providing affordable housing options in the town for over three decades. The Raintree project consists of 23 units, including 1 one-bedroom unit and 13 two-bedroom units.
Over the past decade, Hurtsboro's population has experienced minor fluctuations, showing a slight overall increase from 1,859 in 2010 to 1,860 in 2022. The median income has also varied, rising from $35,440 in 2013 to $38,663 in 2022. The racial composition of the town has remained relatively stable, with a predominant Black population (68% in 2022) and a significant White population (31% in 2022).
Despite these demographic changes, no new LIHTC projects have been developed in Hurtsboro since 1991. This lack of development could be attributed to various factors, including limited population growth or changes in housing needs that may have been addressed through other means.
Hurtsboro's LIHTC funded affordable housing inventory consists of a single project, Raintree, which has been providing 23 low-income units since 1991. While this represents a small portion of the town's estimated housing stock, it has been a consistent source of affordable housing for over 30 years. The town's demographic trends show a relatively stable population and income levels, which may have influenced the absence of new LIHTC developments in recent years. Further analysis of other affordable housing programs and local housing needs would be necessary to fully understand Hurtsboro's affordable housing landscape.
