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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 27805 in Aulander, North Carolina, contains 24 affordable housing units funded by the Low-Income Housing Tax Credit (LIHTC) program. These units comprise approximately 1.86% of the estimated 1,287 housing units in the zip code, based on the 2022 population of 3,359 and the national average household size of 2.61.
The LIHTC program has invested $43,336 in tax credits for affordable housing projects in this zip code, averaging $1,805.67 per unit. This investment represents 0.01% of North Carolina's total LIHTC funding allocation. The affordable housing in this zip code is concentrated in a single project, Sandpiper Square Apartments, completed in 1993.
Sandpiper Square Apartments consists of 22 one-bedroom units and 2 two-bedroom units, primarily accommodating smaller households or individuals. This project has been providing affordable housing options for nearly three decades, demonstrating a long-standing commitment to addressing housing needs in the area.
The zip code's population has fluctuated over the past decade, peaking at 3,859 residents in 2016 and declining to 3,359 in 2022. The median income has shown an overall upward trend, increasing from $33,388 in 2017 to $38,306 in 2022, despite some year-to-year variations. Racial demographics have remained relatively stable, with a slight increase in the Black population from 48% in 2017 to 58% in 2022, while the White population decreased from 46% to 39% over the same period. The Hispanic population has fluctuated between 1% and 5% during this time.
These demographic trends, particularly the modest income growth and stable population, may indicate a continued need for affordable housing options in the area. However, the lack of new LIHTC projects in recent years could suggest that other housing programs or initiatives may be addressing additional affordable housing needs beyond what is captured in the LIHTC data.
In summary, zip code 27805 in Aulander features a single LIHTC-funded affordable housing project, Sandpiper Square Apartments, which has been serving the community since 1993. With 24 low-income units, primarily consisting of one-bedroom apartments, this development addresses a portion of the area's affordable housing needs. While the LIHTC-funded units represent a small percentage of the estimated housing inventory, they play a crucial role in providing affordable options. The demographic trends over the past decade suggest an ongoing need for affordable housing in the area. Future housing initiatives may need to consider these trends to ensure adequate affordable options for the community.