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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Sulligent, a city in Alabama, had a population of 2,908 in 2022. The Low-Income Housing Tax Credit (LIHTC) program has funded 59 total units in the city, including 32 designated low-income units. This affordable housing comprises approximately 5.3% of the city's estimated 1,114 housing units.
Sulligent has received $555,573 in project tax credits through the LIHTC program. With three approximate projects, the average federal funding per project is $185,191, and the average federal funding per unit is $9,416. Sulligent's LIHTC funding represents 0.31% of Alabama's total LIHTC funding.
The city's affordable housing development occurred between 1996 and 2004. Lamar Heights Apts was the first project, and Wolf Run Apts was the most recent. Two out of three projects were completed during the 2000s, marking the decade with the most affordable housing development.
The LIHTC-funded housing stock in Sulligent consists of 10 one-bedroom units, 36 two-bedroom units, and 13 three-bedroom units. This mix accommodates various household sizes and needs within the community.
Sulligent's population increased slightly from 2,629 in 2010 to 2,908 in 2022. The median income decreased from $35,318 in 2013 to $26,731 in 2022, potentially indicating a growing need for affordable housing options. Racial demographics shifted significantly, with the white population increasing from 71% in 2013 to 92% in 2022, while the black population decreased from 24% to 6% during the same period.
Sulligent's LIHTC-funded affordable housing inventory provides important options for low-income residents. The city has received over half a million dollars in tax credits, supporting three projects over eight years. Despite no new LIHTC projects in the last decade, the declining median income suggests a potential ongoing need for affordable housing. Future affordable housing initiatives should consider the changing demographic landscape and income trends to align with the evolving needs of Sulligent's residents.