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Affordable Housing in Clayton, Alabama: A Decades-Long Presence
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Clayton, Alabama, maintains a modest Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city possesses 39 affordable housing units, with 21 designated as low-income units. This inventory represents approximately 2.8% of Clayton's estimated 1,392 housing units.
Clayton has received $49,521 in project tax credits from the LIHTC program for affordable housing. With two approximate projects, this averages $24,760.50 per project. The average federal funding per unit is $1,269.77. Clayton holds 0.03% of the total state LIHTC funding.
The first LIHTC project in Clayton, Pecan Ridge, was completed in 1990, while the most recent project, Starrise Haven, was finished in 1991. This indicates that affordable housing has been present in the city for over three decades.
The 1990s saw the most affordable housing activity in Clayton, with both LIHTC projects completed during this decade. The inventory consists of 21 one-bedroom units and 18 two-bedroom units, providing a mix of housing options for different household sizes.
Over the last decade, Clayton's population has fluctuated, peaking at 4,428 in 2013 and declining to 3,634 by 2022. The median income has shown an overall increasing trend, rising from $20,508 in 2013 to $34,316 in 2022. This increase in median income might partially explain why no new LIHTC projects have been developed in recent years.
The racial composition of Clayton has remained relatively stable, with the Black population consistently representing the majority (around 60-67% of the population) and the White population making up most of the remainder (29-38%). The Hispanic population has remained small but steady at around 1-2%.
Clayton's LIHTC funded affordable housing inventory, while modest, has been a longstanding part of the community since the early 1990s. The 39 units, including 21 low-income units, represent a small but significant portion of the city's housing stock. Despite the lack of recent LIHTC developments, the existing projects continue to provide affordable housing options for the community. The city's demographic trends, including a slightly declining population and increasing median income, may influence future affordable housing needs and developments.
