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Affordable Housing in Zip Code 36305: A Decade of LIHTC Impact in Dothan, 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 36305 in Dothan, Alabama, contains 72 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. This zip code spans 29.69 square miles and had a population of 17,082 in 2022. Based on the national average household size of 2.61, the estimated number of housing units in the zip code is 6,545. LIHTC funded affordable housing represents approximately 1.1% of the estimated housing inventory in this area.
The LIHTC program has invested $1,020,213 in tax credits for affordable housing projects in zip code 36305. This equates to an average federal funding of $14,170 per unit. This zip code accounts for 0.57% of Alabama's total LIHTC funding. The affordable housing in this zip code consists of a single project, Biltmore Place, completed in 2010.
Biltmore Place offers 48 two-bedroom units and 24 three-bedroom units, accommodating various family sizes within the low-income community. This project marks the introduction of LIHTC-funded affordable housing in the area, providing a decade-long presence of such housing options.
The population in zip code 36305 has grown from 14,940 in 2013 to 17,082 in 2022, a 14.3% increase. The median income has risen from $64,750 in 2013 to $72,953 in 2022, a 12.7% increase. Despite the growth in median income, the need for affordable housing may persist due to potential income inequality.
Racial demographics in zip code 36305 have shown minor changes. The white population decreased from 86% in 2013 to 79% in 2022. The Black population increased from 8% to 11% during the same period. The Hispanic population grew from 3% to 5%. These shifts suggest a growing diversity in the area that may benefit from continued affordable housing options.
Zip code 36305 in Dothan, Alabama, features one LIHTC-funded affordable housing project, Biltmore Place, which provides 72 low-income units. This project represents a small but significant portion of the area's estimated housing inventory. The zip code has experienced population growth and increasing median income over the past decade, along with slight changes in racial demographics. While the LIHTC investment has been substantial for this single project, the changing demographics and growing population indicate a potential need for continued affordable housing development to address the evolving needs of the community.
