Loading Content...
Affordable Housing in Zip Code 36067: LIHTC Projects in Prattville, Alabama
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 36067 in Prattville, Alabama, encompasses an area of 236.06 square miles with a population of 27,188 as of 2022. This zip code contains two Low-Income Housing Tax Credit (LIHTC) funded affordable housing projects, which provide 59 low-income units. These units represent approximately 0.57% of the estimated 10,417 housing units in the zip code.
The LIHTC program has allocated $216,593 in project tax credits for affordable housing in zip code 36067. This equates to an average federal funding of $3,671 per unit. The zip code's LIHTC funding accounts for 0.12% of Alabama's total LIHTC allocation. The first LIHTC project, "The Gables," was completed in 1993, while the most recent project, "Crestview Senior Cottages," was finished in 2009, indicating a 16-year span of affordable housing development in the area.
The affordable housing inventory in zip code 36067 consists of 39 two-bedroom units and 2 one-bedroom units. Neither project specifies a target population, suggesting they are available to general low-income residents. The 2000s decade saw the most significant affordable housing completion with the larger Crestview Senior Cottages project.
The population in zip code 36067 has remained relatively stable over the past decade, ranging from 26,939 to 28,367 residents. The median income has fluctuated between $51,903 and $61,105 from 2013 to 2022. Racial demographics have shown slight changes, with the white population comprising around 70-73% throughout the decade. The Black population has increased from 20% to 22%, and the Hispanic population has grown from 2% to 4%. Small increases have also been observed in the Asian and multiracial populations.
Despite these demographic shifts, no new LIHTC projects have been developed in zip code 36067 in the last decade. This could be attributed to various factors, including changes in local housing policies, economic conditions, or the presence of other affordable housing initiatives not captured in this data.
Zip code 36067 in Prattville, Alabama, has a modest LIHTC-funded affordable housing presence, with 59 low-income units across two projects. These units represent a small fraction of the estimated housing inventory. The area has experienced stable population levels and slight increases in racial diversity over the past decade. While no new LIHTC projects have been developed recently, the existing affordable housing stock continues to serve the community's needs. Further research into other affordable housing programs and local economic factors would provide a more comprehensive understanding of the overall affordable housing landscape in zip code 36067.
