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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Clarinda, Iowa, maintains a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 70 units, all categorized as low-income. Based on the city's 2022 population of 5,572 and utilizing the national average household size, the estimated total housing units in Clarinda is approximately 2,135. The LIHTC-funded affordable housing units constitute about 3.3% of the estimated housing inventory in the city.
Clarinda has received $215,452 in project tax credits through the LIHTC program. With two approximate projects, this averages to $107,726 per project. The average federal funding per unit is $3,078. Clarinda's LIHTC funding represents 0.1% of Iowa's total state LIHTC allocation.
The city's LIHTC-funded affordable housing projects span from 1996 to 1998, indicating over two decades of affordable housing presence. The 1990s saw the most affordable housing development in Clarinda. Notable projects include Clarinda West Apts, completed in 1996, and Meadow Run Apts, finished in 1998.
All 70 LIHTC-funded units in Clarinda are two-bedroom apartments, providing housing options suitable for small families or individuals needing extra space.
Over the last decade, Clarinda's population has remained relatively stable, with a slight decrease from 5,778 in 2013 to 5,572 in 2022. The median income has shown some fluctuation, rising from $46,132 in 2013 to $51,505 in 2022.
Racial demographics have shifted slightly, with the white population decreasing from 90% in 2013 to 87% in 2022. There have been small increases in Asian, Hispanic, and multiracial populations, indicating growing diversity in the community.
Clarinda's LIHTC-funded affordable housing inventory, while modest in size, provides 70 two-bedroom units for low-income residents. The city received just over $215,000 in tax credits for these projects, completed in the late 1990s. While the affordable housing stock represents a small percentage of the estimated total housing units, it contributes to the city's housing diversity. The demographic trends over the past decade show a relatively stable population with slight increases in income and racial diversity, factors that may influence future affordable housing needs in Clarinda.