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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Warrior, Alabama, a city with a population of 4,870 as of 2022, has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory consisting of 36 total units, all of which are designated as low-income units. Based on the estimated housing inventory of 1,866 units, the LIHTC funded affordable housing covers approximately 1.93% of the city's housing stock.
Warrior has received $45,186 in project tax credits from the LIHTC program. With one approximate project, this translates to an average federal funding of $45,186 per project and $1,255 per unit. The city holds 0.03% of Alabama's total LIHTC funding, indicating a relatively small share of the state's affordable housing resources.
The sole LIHTC project in Warrior, Warrior Apts Phase II, was completed in 1990. This project has been providing affordable housing in the city for over three decades. The development consists of 12 one-bedroom units and 24 two-bedroom units, offering a mix of housing options for low-income residents.
Over the past decade, Warrior's population has shown slight fluctuations, growing from 4,562 in 2017 to 4,870 in 2022. The median income has seen notable changes, increasing from $37,784 in 2017 to $56,355 in 2022, suggesting an overall improvement in economic conditions for residents.
Racial demographics have remained relatively stable, with the white population representing the majority. However, there has been a slight increase in diversity, with the Black population growing from 14% in 2017 to 16% in 2022, and a small increase in Asian and multiracial residents.
Despite these demographic changes, no new LIHTC projects have been developed in the last decade. This could be due to the relatively small size of the city, the existing affordable housing stock meeting current needs, or other factors not captured in the available data.
Warrior's LIHTC funded affordable housing inventory, while modest in size, has been a consistent presence since 1990. The single project provides 36 low-income units, representing a small but significant portion of the city's estimated housing stock. While demographic trends show some population growth and income increases over the past decade, no new LIHTC projects have been developed during this time. This analysis provides insight into the role of LIHTC funding in Warrior's affordable housing landscape, though other affordable housing programs may also contribute to meeting the city's low-income housing needs.