Zip code 35967 in Fort Payne, Alabama, contains 104 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. These units represent approximately 1.55% of the estimated 6,719 total housing units in the zip code as of 2022. The LIHTC program has invested $947,987 in tax credits for affordable housing projects in this area, averaging $9,115 per unit. This investment accounts for 0.53% of the total LIHTC funding allocated to Alabama.

The affordable housing development in zip code 35967 spans 15 years, beginning with the Dekalb Villas project in 1994 and concluding with North Pointe in 2009. The latter project, completed in the 2000s, added 56 units to the inventory, marking the largest affordable housing development in the area. The existing affordable housing stock comprises 26 one-bedroom units, 56 two-bedroom units, and 22 three-bedroom units, accommodating various household sizes.

Zip code 35967 has experienced steady population growth over the past decade, increasing from 16,200 in 2013 to 17,537 in 2022. Concurrently, the median income rose from $36,942 in 2013 to $44,037 in 2022. This economic improvement may partially explain the absence of new LIHTC projects in recent years. The racial composition of the area has remained relatively stable, with a slight increase in diversity. The white population decreased marginally from 77% in 2020 to 76% in 2022, while the Hispanic population increased from 17% to 19% during the same period.