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Affordable Housing in Rogersville, Alabama: LIHTC's Impact on a Growing 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
Rogersville, Alabama, maintains a modest Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 68 units, all designated as low-income. This accounts for approximately 3.4% of the estimated 2,010 housing units in the city, based on the 2022 population of 5,247 and the national average household size of 2.61.
The town has received $204,200 in project tax credits through the LIHTC program for affordable housing. With three approximate projects, this translates to an average federal funding of $68,067 per project and $3,003 per unit. Rogersville holds 0.11% of Alabama's total LIHTC funding, indicating a small but meaningful contribution to the state's affordable housing efforts.
Rogersville's affordable housing development occurred between 1990 and 1996. The first projects, Meadowlands Apartments and Rogersville Park Apartments, were completed in 1990, while the most recent project, Cedar Village Apartments, was completed in 1996. The 1990s were the most active period for affordable housing development in the town.
The LIHTC-funded projects in Rogersville offer a mix of housing options, including 18 one-bedroom units, 24 two-bedroom units, and 8 three-bedroom units. This diverse range accommodates various household sizes and needs within the low-income community.
Demographic trends over the last decade show steady population growth in Rogersville, increasing from 4,434 in 2015 to 5,247 in 2022. The median income has risen significantly, from $42,657 in 2015 to $63,429 in 2022, representing a 48.7% increase. This substantial income growth may partially explain the absence of new LIHTC projects in recent years.
Racial demographics have remained relatively stable, with a slight increase in diversity. The white population has decreased from 95% in 2013 to 93% in 2022, while the Black population has increased from 1% to 5% during the same period. The Hispanic population has remained steady at around 1-2%.
In conclusion, Rogersville's LIHTC-funded affordable housing inventory provides an important resource for low-income residents, despite its modest size. The town's demographic trends, particularly the significant increase in median income, may influence future affordable housing needs and development. The current LIHTC inventory, while covering a small percentage of the estimated housing units, represents a crucial component of Rogersville's housing landscape, contributing to the diversity and accessibility of housing options in the community.
