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Affordable Housing in Semmes, Alabama: LIHTC Funding and Demographic Shifts
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Semmes, Alabama, has utilized the Low-Income Housing Tax Credit (LIHTC) program to develop affordable housing for its residents. The city's LIHTC-funded inventory comprises 120 low-income units, representing approximately 1.17% of the estimated 10,248 housing units in 2022. This allocation contributes to addressing the housing needs of the city's low-income population.
Semmes has received $390,073 in project tax credits from the LIHTC program, distributed across two projects. This results in an average federal funding of $195,037 per project and $3,251 per unit. The city's share of the total state LIHTC funding stands at 0.22%. The development of LIHTC-funded housing in Semmes spans from 2006 to 2015, with Candice Cove being the first project and Baytown Senior Village the most recent. The 2010s marked the period of highest affordable housing project completion in the city.
The affordable housing inventory in Semmes consists of 32 one-bedroom units, 56 two-bedroom units, and 32 three-bedroom units. This distribution aims to accommodate various household sizes, from individuals to small families.
Semmes has experienced consistent population growth over the past decade, increasing from 23,883 in 2013 to 26,747 in 2022. The median income has fluctuated, notably rising from $53,661 in 2019 to $59,632 in 2022. The city's racial composition has gradually diversified, with the Black population increasing from 13% in 2013 to 21% in 2022, while the White population decreased from 80% to 73% during the same period.
The completion of Baytown Senior Village in 2015 coincides with the city's demographic shifts, potentially addressing the needs of the growing and diversifying population. However, the absence of new LIHTC projects since 2015 may suggest that other housing programs or market-rate developments have been meeting the city's housing demands.
In summary, Semmes' LIHTC-funded affordable housing inventory, though modest in scale, provides 120 low-income units to the community. The city has received a portion of state LIHTC funding, resulting in two projects over a decade. The housing mix accommodates various household sizes, with a balance of one-, two-, and three-bedroom units. The demographic trends indicate a growing and diversifying population, which may influence future affordable housing needs in the city.
