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Affordable Housing in Linden, Alabama: LIHTC Projects Span Three Decades
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Linden, Alabama, has a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The city's LIHTC inventory consists of 52 affordable units, all of which are designated as low-income units. This affordable housing stock plays a crucial role in addressing the housing needs of Linden's residents.
Based on Linden's 2022 population of 2,266 and using the national average household size, the estimated total housing units in the city is approximately 868. The LIHTC funded affordable housing units represent about 6% of this estimated housing inventory, indicating a substantial contribution to the city's affordable housing needs.
Linden has received $20,117 in project tax credits through the LIHTC program. With approximately 2 projects, this translates to an average of $10,058.50 in federal funding per project. Considering the total of 52 units in LIHTC-funded projects, the average federal funding per unit is approximately $386.87.
Linden holds about 1% of the total state LIHTC funding, suggesting it receives a small but notable portion of Alabama's affordable housing resources. The LIHTC-funded affordable housing in Linden spans from 1990 to 1993, indicating over three decades of affordable housing presence in the city. The 1990s saw the most affordable housing projects completed, with two notable projects: Chickasaw Apts I completed in 1990 and Chickasaw Apts II in 1993.
The affordable housing inventory in Linden consists of 52 total units, including 14 one-bedroom units. This distribution suggests a focus on smaller household sizes in the city's affordable housing stock.
Over the past decade, Linden's population has shown a declining trend, decreasing from 2,605 in 2013 to 2,266 in 2022. Despite this population decrease, the median income has risen from $30,804 in 2013 to $50,549 in 2022, indicating an overall improvement in economic conditions for residents.
The racial demographics of Linden have remained relatively stable over the past decade. The city has maintained a diverse population, with the white population increasing from 46% in 2013 to 55% in 2022, while the black population decreased from 52% in 2013 to 42% in 2022. The Hispanic population has remained consistently small, at around 1-2% since 2018.
While no new LIHTC projects have been built in the last decade, the increasing median income and relatively stable racial demographics suggest that the existing affordable housing stock may be meeting current needs. However, ongoing monitoring of demographic trends and housing affordability will be crucial for future planning.
Linden's LIHTC-funded affordable housing inventory, while representing a small portion of the estimated total housing units, provides important low-income housing options for residents. The city has received a modest amount of LIHTC funding, contributing to two projects completed in the early 1990s. Despite a declining population, rising median incomes suggest improving economic conditions. The stable racial demographics and lack of recent LIHTC projects may indicate that current affordable housing needs are being met, but ongoing assessment will be vital to ensure future housing needs are addressed adequately.
