Loading Content...
Affordable Housing in Zip Code 36081: LIHTC Projects and Mental Health Support
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 36081, located in Troy, Alabama, has a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The area contains 432 total units in LIHTC-funded projects, with 389 of these designated as low-income units. Based on the 2022 population of 16,186 and an estimated 6,202 housing units in the zip code, the LIHTC-funded affordable housing represents approximately 7% of the total housing inventory.
The LIHTC projects in this zip code have received $2,165,594 in tax credits, averaging about $5,013 in federal funding per unit. This funding represents 1.22% of Alabama's total LIHTC allocation, indicating a significant investment in affordable housing for this area.
Affordable housing has been a long-standing feature in this zip code, with projects spanning from 1988 to 2014. The earliest project, Foxcroft Apartments, was completed in 1988, while the most recent, Pike Grove Apartments, was finished in 2014. This 26-year period demonstrates a consistent commitment to affordable housing development.
The 1990s saw the most affordable housing activity, with four projects completed during that decade: Woodland Hills Apartments, Skyview Apartments, Charleston Square Apartments, and Amberwood Apartments.
The housing inventory includes a diverse mix of unit types, with 38 one-bedroom, 98 two-bedroom, and 59 three-bedroom units. This variety caters to different household sizes and needs within the low-income population.
One notable project, Autumn Ridge Apartments, completed in 2002, specifically targets individuals with mental illness. This specialized housing addresses the unique needs of a vulnerable population, potentially offering supportive services alongside affordable accommodation.
Over the past decade, the population in this zip code has remained relatively stable, fluctuating between 16,100 and 16,500 residents. The median income has shown some volatility, ranging from a low of $27,767 in 2016 to a high of $42,949 in 2021, before settling at $35,168 in 2022. This income variability suggests an ongoing need for affordable housing options.
The racial composition of the area has seen slight shifts, with the Black population increasing from 41% in 2013 to 44% in 2022, while the White population decreased from 53% to 48% during the same period. The Asian population has also grown slightly, from 2% to 3%. These demographic changes may influence the demand for affordable housing and the types of communities served by LIHTC projects.
Zip code 36081 demonstrates a consistent commitment to affordable housing through LIHTC-funded projects. With 432 total units, representing about 7% of the estimated housing stock, these projects play a significant role in addressing affordable housing needs. The area has seen steady development of affordable housing over nearly three decades, with a mix of unit types to accommodate various household sizes. The presence of specialized housing for individuals with mental illness highlights efforts to serve diverse populations. While the population has remained stable, fluctuations in median income and slight shifts in racial demographics underscore the ongoing importance of affordable housing initiatives in this community.
