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Affordable Housing in Jacksonville, Alabama: LIHTC Program's Impact on Urban Housing Stock
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Jacksonville, Alabama, with a population of 16,567 as of 2022, has utilized the Low-Income Housing Tax Credit (LIHTC) program to provide affordable housing. The city's LIHTC-funded affordable housing inventory comprises 110 total units, of which 92 are designated as low-income units. This represents approximately 1.73% of the city's estimated 6,348 housing units.
Jacksonville has received $1,051,249 in project tax credits through the LIHTC program. With three projects, this averages $350,416 in federal funding per project. The average federal funding per unit is $9,557. Jacksonville's LIHTC funding represents 0.59% of the total state funding for LIHTC projects in Alabama.
The city's LIHTC-funded affordable housing development spans from 1996 to 2009. The first project, Hickory Run Apts I, was completed in 1996, while the most recent project, Brookstone Village Apts, was finished in 2009. The 2000s saw the most development activity, with two projects completed during this decade.
Jacksonville's LIHTC-funded housing inventory includes 52 one-bedroom units, 34 two-bedroom units, and 24 three-bedroom units. This distribution accommodates various household sizes within the low-income population.
Jacksonville's population has fluctuated over the past decade, increasing from 14,610 in 2019 to 16,567 in 2022. The median income has risen steadily from $38,739 in 2017 to $43,794 in 2022. The city has maintained a predominantly white population, consistently above 70% throughout the past decade. The Black population has slightly decreased from 21% in 2013 to 20% in 2022, while the Hispanic population has increased from 2% to 4% during the same period.
No new LIHTC projects have been developed in Jacksonville since 2009, despite demographic changes. This could be attributed to factors such as rising median income or changes in housing needs that may not align with LIHTC program requirements.
Jacksonville's LIHTC-funded affordable housing inventory provides essential low-income units to the community. The city has leveraged over $1 million in tax credits to develop 110 affordable units across three projects. The housing mix caters to different household sizes, with a focus on one and two-bedroom units. While demographic trends show population growth and increasing median income, the racial composition has remained relatively stable. The lack of recent LIHTC developments suggests a potential shift in affordable housing needs or strategies within the city, which may warrant further investigation to ensure adequate housing options for all residents.
