The LIHTC funded projects in zip code 35042 offer a variety of unit types, focusing on family-sized apartments. The inventory includes 5 one-bedroom units, 62 two-bedroom units, and 32 three-bedroom units. This distribution suggests a priority on accommodating families of various sizes within the affordable housing stock.

Over the past decade, zip code 35042 has experienced some demographic changes. The population has remained relatively stable, with slight fluctuations. In 2013, the population was 5,715, and by 2022 it had increased slightly to 5,758. Median income has shown a positive trend, rising from $40,770 in 2013 to $54,460 in 2022, indicating an overall improvement in economic conditions.

Racial demographics have also evolved in zip code 35042. The white population decreased from 70% in 2013 to 67% in 2022, while the Black population remained relatively stable, moving from 29% to 29% during the same period. The Hispanic population, though small, has grown from less than 1% to 2% over the decade.

Despite these demographic changes, no new LIHTC projects have been built in zip code 35042 in the last decade. This could be due to the existing affordable housing stock meeting current needs or other factors influencing housing development decisions.

Zip code 35042 in Centreville, Alabama, has a modest but significant LIHTC funded affordable housing inventory, covering about 5.89% of the estimated housing units. The area has seen consistent affordable housing development from 1988 to 2009, with a focus on family-sized units. While demographic changes have occurred over the past decade, including population stability and increased median income, no new LIHTC projects have been developed recently. This analysis provides insight into the affordable housing landscape of this zip code, reflecting its contribution to meeting local housing needs through the LIHTC program.