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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Claysville, located in Pennsylvania, possesses a distinct Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The borough has 24 affordable housing units, all of which are designated as low-income units. This represents a significant portion of the city's estimated housing stock.
Based on the 2022 population of 677 and utilizing the national average household size, the estimated total housing units in Claysville is approximately 259. The 24 LIHTC funded units comprise about 9.3% of the estimated housing inventory, a substantial portion for a small borough.
Claysville has received $287,422 in project tax credits from the LIHTC program. With one project, this translates to an average federal funding of $287,422 per project. The average federal funding per unit is $11,976, considering the 24 total units in LIHTC funded projects.
This funding represents 0.05% of Pennsylvania's total LIHTC credits, indicating a small but meaningful contribution to the state's affordable housing efforts.
The LIHTC funded project in Claysville, Claysville Elderly Housing, was completed in 2007. This project has been providing affordable housing options in the city for over 15 years. All 24 units in the LIHTC funded project are one-bedroom units, suggesting a focus on accommodating single individuals or small households.
Over the past decade, Claysville has experienced demographic changes. The population has fluctuated, peaking at 1,035 in 2015 and decreasing to 677 by 2022. Despite these population changes, the LIHTC project has remained a constant presence in the community.
Median income in Claysville has shown an overall increasing trend, rising from $43,645 in 2014 to $76,907 in 2022. This significant increase in median income suggests a changing economic landscape in the borough.
Racial demographics have remained relatively stable, with the white population consistently representing the majority. However, there has been a slight increase in diversity, with the percentage of residents identifying as two or more races increasing from 2% in 2013 to 7% in 2022.
Claysville's LIHTC funded affordable housing, while modest in scale, plays a significant role in the city's housing landscape. The single project, Claysville Elderly Housing, provides 24 one-bedroom units, which account for nearly 10% of the estimated housing inventory. Despite demographic changes, including population fluctuations and increasing median income, this project has continued to serve the community's affordable housing needs since 2007. The focus on one-bedroom units suggests a tailored approach to the borough's housing requirements, potentially serving elderly or single-person households.