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Affordable Housing in Leesburg, Alabama: Englewood Apartments' Impact on Mental Health Housing
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Leesburg, Alabama, a town with a population of 2,919 as of 2022, has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 24 total units, including 2 designated as low-income units. This represents approximately 2.15% of the town's estimated housing stock of 1,118 units.
Leesburg has received $151,592 in project tax credits through the LIHTC program. With one project, this translates to an average federal funding of $151,592 per project and $6,316 per unit. The town holds 0.09% of Alabama's total LIHTC funding.
The sole LIHTC project in Leesburg is Englewood Apartments, completed in 2002. This development has provided affordable housing in the town for over two decades. It consists of 24 units, including 6 one-bedroom, 12 two-bedroom, and 6 three-bedroom apartments. Englewood Apartments specifically targets individuals with mental illness, addressing a particular need within the community.
Leesburg's population has remained relatively stable over the past decade, with minor fluctuations. The median income has increased significantly, rising from $30,033 in 2013 to $53,620 in 2022. This upward trend in income may indicate a reduced need for additional affordable housing projects in recent years.
The racial composition of Leesburg has remained predominantly white, decreasing slightly from 95% in 2016 to 89% in 2022. Hispanic representation has increased from 1% to 4% during the same period. The percentage of residents identifying as two or more races has also increased from less than 1% to 7% between 2016 and 2022.
Leesburg's LIHTC funded affordable housing, limited to one project, has served the community for over 20 years. The Englewood Apartments project, focusing on individuals with mental illness, addresses a specific housing need in the town. Despite the absence of new LIHTC projects in recent years, the rising median income suggests that the existing affordable housing stock may be sufficient for the current population needs. However, the town's changing demographics, particularly the increase in racial diversity, may warrant ongoing assessment of affordable housing requirements to ensure all community members' needs are met.
