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Affordable Housing in Phenix City: LIHTC's Impact on a Growing Alabama Community
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Phenix City, Alabama, with a population of 49,364 as of 2022, has a notable Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city's LIHTC-funded housing consists of 392 total units, with 355 designated as low-income units. This inventory represents approximately 2.07% of the city's estimated 18,913 housing units.
Phenix City has received $2,423,969 in project tax credits for affordable housing through the LIHTC program. With approximately 8 projects, this translates to an average federal funding of $302,996 per project and $6,184 per unit. The city holds 1.36% of the total state funding for LIHTC projects in Alabama.
The first LIHTC project in Phenix City, Brookwood Park Apartments, was completed in 1990, while the most recent project with a known completion date is Sumbry Hill Apartments, finished in 2006. This indicates at least 16 years of affordable housing development in the city. The 1990s saw the most affordable housing projects completed, with three projects: Brookwood Park Apartments (1990), Springridge Apartments (1993), and Crown Chase (1997).
The LIHTC-funded housing in Phenix City includes a mix of unit types, with 4 one-bedroom units, 134 two-bedroom units, 149 three-bedroom units, and 15 four-bedroom units. This distribution suggests a focus on accommodating families of various sizes.
Over the past decade, Phenix City's population has shown slight fluctuations, growing from 48,757 in 2019 to 49,364 in 2022. The median income has increased from $48,239 in 2019 to $51,942 in 2022, indicating a modest improvement in economic conditions. The racial distribution has remained relatively stable, with a slight increase in the Black population from 40% in 2019 to 43% in 2022, and a small decrease in the White population from 50% to 46% during the same period.
Phenix City's LIHTC-funded affordable housing inventory represents a small but significant portion of the city's housing stock. The program has provided substantial federal funding for affordable housing development over the years, with a focus on family-sized units. The city's demographic trends indicate an ongoing need for affordable housing options to support its diverse and growing population.
