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Affordable Housing in Zip Code 35956: A Unique LIHTC Project in Whitesboro, Alabama
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 35956 in Whitesboro, Alabama, contains a single Low-Income Housing Tax Credit (LIHTC) funded affordable housing project. The area has 24 total affordable units, all of which are designated as low-income units. This inventory represents approximately 0.72% of the estimated 3,324 housing units in the zip code, based on the 2022 population of 8,675 and the national average household size of 2.61.
The LIHTC program has allocated $39,772 in tax credits to this zip code, averaging about $1,657 per unit. This funding represents 0.02% of Alabama's total LIHTC allocations, indicating a relatively small portion of the state's affordable housing investment.
The sole LIHTC project in this zip code, Fox Run South Apts, was completed in 1998. This development has been providing affordable housing options in the area for over two decades. The project consists of 24 units, comprising 8 one-bedroom and 16 two-bedroom apartments, catering to various household sizes within the low-income community.
Over the past decade, the zip code's population has remained relatively stable, with a slight decrease from 9,060 in 2015 to 8,675 in 2022. The median income has shown a moderate increase, rising from $43,710 in 2015 to $51,779 in 2022, potentially indicating a gradual improvement in economic conditions for some residents.
The racial composition of the zip code has remained predominantly white, consistently above 94% throughout the decade. There has been a slight increase in diversity, with small percentages of Hispanic, Native American, and multiracial residents.
Despite the population stability and income growth, no new LIHTC projects have been developed in the last decade. This could be due to various factors, including limited demand for additional affordable housing, changes in local housing policies, or shifts in funding priorities.
Zip code 35956 in Whitesboro, Alabama, has a single LIHTC-funded affordable housing project that has been serving the community since 1998. While the 24 low-income units represent a small fraction of the estimated housing inventory, they provide crucial affordable options for the area. The stable population and gradually increasing median income over the past decade may have influenced the lack of new LIHTC developments. However, the consistent presence of the Fox Run South Apts demonstrates a long-term commitment to providing affordable housing in this community.
