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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 16830, located in Clearfield, Pennsylvania, contains a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 33 units. This inventory represents approximately 0.61% of the estimated 5,392 housing units in the zip code, which covers 134.21 square miles and had a population of 14,074 in 2022. The LIHTC program has invested $193,944 in tax credits for affordable housing projects in this zip code, averaging $5,877 per unit. This funding comprises 0.03% of Pennsylvania's total LIHTC allocation.
The Dimeling Senior Residence, completed in 2001, is the only LIHTC project in zip code 16830. It consists of 33 units, including 27 one-bedroom and 6 two-bedroom apartments. This unit distribution suggests a focus on accommodating smaller households, potentially catering to the senior population as indicated by the project's name. The Dimeling Senior Residence has been providing affordable housing options for over two decades.
Zip code 16830 has experienced a slight population decline from 14,509 in 2013 to 14,074 in 2022. Despite this decrease, the median income has increased from $39,085 in 2013 to $46,003 in 2022. The racial composition of the zip code has remained relatively stable, with the white population consistently representing 96-98% of residents throughout the decade. There has been a slight increase in diversity in recent years, with small percentages of Asian, Black, Hispanic, and multiracial residents reported in 2022.
The presence of a senior-focused LIHTC project aligns with potential demographic shifts towards an aging population, although specific data on age distribution is not provided. The LIHTC program has made a targeted investment in affordable housing in zip code 16830, focusing on senior housing through the Dimeling Senior Residence. While the 33 units represent a small percentage of the estimated housing inventory, they provide crucial affordable options for low-income residents, particularly seniors.
The stable racial composition and increasing median income over the past decade suggest a relatively consistent community profile, with the LIHTC project addressing specific needs within this context. As the area continues to evolve, ongoing assessment of affordable housing needs will be important to ensure adequate support for the local population.