Loading Content...
Affordable Housing in Zip Code 36726: A Three-Decade LIHTC Legacy in Camden, Alabama
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 36726 in Camden, Alabama, contains 108 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. This zip code spans 279.21 square miles with an estimated population of 5,259 as of 2022. Based on the national average household size of 2.61, the estimated housing inventory is approximately 2,015 units. LIHTC funded affordable housing comprises about 5.36% of the estimated housing inventory in this zip code.
The LIHTC projects in zip code 36726 have received $253,058 in tax credits, averaging $2,343 per unit in federal funding. This represents 0.14% of Alabama's total LIHTC funding allocation. Affordable housing has been present in this zip code for over three decades, with the first LIHTC project completed in 1987 and the most recent in 1998. The 1990s saw the most activity in affordable housing development, with four out of five projects completed during this decade.
The LIHTC funded housing in zip code 36726 offers a range of unit sizes. There are 43 one-bedroom units, 30 two-bedroom units, and 14 three-bedroom units. No efficiency units or four-bedroom units are reported.
Over the past decade, zip code 36726 has experienced demographic shifts. The population has slightly decreased from 5,721 in 2015 to 5,259 in 2022. Despite this decline, the median income has increased significantly, rising from $26,443 in 2015 to $45,589 in 2022, indicating an improvement in economic conditions for residents.
Racial demographics in zip code 36726 have remained relatively stable. The Black population consistently represents the majority at around 66-68% of the total population. The White population has maintained a presence of about 27-30%. There has been a slight increase in racial diversity, with the percentage of residents identifying as two or more races growing from less than 3% in 2018 to 4% in 2022.
The LIHTC program has been instrumental in providing affordable housing options in zip code 36726, with 108 low-income units established from the late 1980s to the late 1990s. These units, while representing a small percentage of the estimated housing inventory, provide essential housing options for low-income residents. The area has experienced economic improvements in recent years, as evidenced by rising median incomes, despite a slight population decline. The racial composition has remained relatively stable, with a slight increase in diversity. These demographic trends, combined with the existing LIHTC inventory, provide context for understanding the affordable housing landscape in zip code 36726.
