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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Scottsboro, Alabama, a city in the Tennessee Valley, has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 193 units. This inventory comprises 2.95% of the city's estimated 6,544 housing units. The LIHTC program in Scottsboro has received $932,267 in project tax credits, averaging $155,378 per project and $4,830 per unit. Scottsboro's share represents 0.52% of Alabama's total LIHTC funding.
The LIHTC projects in Scottsboro span from 1989 to 2006, with six projects completed during this period. The 1990s saw the most activity, with three projects: Sunset Square Apts I (1991), Sunset Square Apts II (1993), and Park Village Apts (1997). The most recent project, Crawford Park, was completed in 2006. The LIHTC-funded housing includes 34 one-bedroom units, 23 two-bedroom units, and 15 three-bedroom units, accommodating various household sizes.
Scottsboro's population has remained stable over the past decade, ranging between 16,400 and 17,200 residents. The median income has increased from $41,901 in 2013 to $48,482 in 2022. This rise in median income may partially explain the absence of new LIHTC projects in recent years. The racial composition of Scottsboro has remained predominantly white, consistently around 87-90% of the population, with slight increases in Hispanic and multi-racial populations.
Scottsboro's LIHTC-funded affordable housing inventory represents a consistent effort to provide low-income housing options. The six projects developed between 1989 and 2006 have created 193 affordable units, covering nearly 3% of the estimated housing stock. The city's share of state LIHTC funding and the distribution of unit types indicate a targeted approach to addressing affordable housing needs. While no new LIHTC projects have been developed in recent years, this may be partially attributed to the city's stable population and increasing median income. The analysis reveals a foundation of affordable housing in Scottsboro, though the current inventory's adequacy in meeting present needs would require further investigation.