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Brighton's Affordable Housing: A Decade of LIHTC Impact and Demographic Shifts
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Brighton, Alabama, a city with a population of 2,998 as of 2022, has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 30 total units, including 3 low-income units. This represents approximately 2.61% of the city's estimated housing inventory of 1,149 units.
Brighton has received $114,520 in project tax credits from the LIHTC program for affordable housing. With one project, this equates to an average federal funding of $114,520 per project and $3,817 per unit. The city accounts for 0.06% of the total state funding for LIHTC projects in Alabama.
The sole LIHTC funded project in Brighton is Artesian Springs Apts, completed in 1997. This project has provided affordable housing in the city for over 25 years. It consists of 24 one-bedroom units and 6 two-bedroom units, offering a variety of housing options for residents.
Brighton's population has gradually declined over the past decade, from 3,295 in 2015 to 2,998 in 2022. The median income has fluctuated, with a notable increase from $29,021 in 2019 to $38,338 in 2022.
The city's racial demographics have shifted. The Black population decreased from 86% in 2015 to 75% in 2022. The Hispanic population increased from 7% in 2015 to 16% in 2022. The White population remained relatively stable, ranging between 4-7% during this period.
Brighton's LIHTC funded affordable housing inventory, though limited to one project, has been a consistent presence in the community for over two decades. The Artesian Springs Apts project provides a mix of one and two-bedroom units, contributing to the city's housing diversity. Despite the city's declining population, there has been a recent increase in median income. The racial demographics show a trend towards increased diversity, with a growing Hispanic population. These demographic shifts may influence future affordable housing needs in Brighton.
