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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 36605 in Mobile, Alabama, contains Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The area has 104 total affordable units, all of which are low-income units. This LIHTC-funded inventory comprises approximately 1.06% of the estimated 9,838 housing units in the zip code, based on the 2022 population and national average household size.
The LIHTC program has invested $121,515 in tax credits for affordable housing projects in this zip code. This equates to an average federal funding of $1,168 per unit. Zip code 36605 accounts for 0.07% of Alabama's total LIHTC funding allocation.
The single LIHTC-funded project in this area, Sunset On The Bayou, was completed in 2004, providing nearly two decades of affordable housing in the zip code. This project consists of 24 one-bedroom units and 8 two-bedroom units, offering a mix of housing options for low-income residents.
Over the past decade, zip code 36605 has experienced demographic changes. The population decreased from 29,247 in 2013 to 25,678 in 2022, a decline of 12.2%. Despite this population decrease, the median income increased from $32,208 in 2013 to $39,054 in 2022, a rise of approximately 21.3%.
The racial composition of the zip code has remained relatively stable, with a predominant Black population. In 2013, the Black population constituted 71% of the total, and this figure was 69% in 2022. The White population decreased slightly from 26% in 2013 to 25% in 2022. The Hispanic population increased from 1% in 2013 to 3% in 2022.
The stability in racial composition and the increase in median income, despite a decrease in population, may indicate changing economic dynamics in the area. These factors could influence the perceived need for additional LIHTC-funded affordable housing in recent years.
Zip code 36605 in Mobile, Alabama, has one LIHTC-funded affordable housing project, Sunset On The Bayou, which has served the community since 2004. This project provides 104 low-income units, representing a small but significant portion of the estimated housing inventory in the area. The zip code has experienced a population decrease and median income increase over the past decade, along with relatively stable racial demographics. These trends, combined with the existing LIHTC investment, contribute to the current affordable housing landscape in this zip code.