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Affordable Housing in Clifton Heights: LIHTC's Limited Impact on Urban Landscape
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Clifton Heights, located in Pennsylvania, is a densely populated urban area. The city's Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory consists of 2 total units, all of which are designated as low-income units. This inventory represents approximately 0.06% of the city's estimated 3,181 housing units.
The city has received $5,378 in project tax credits from the LIHTC program for affordable housing. With one approximate project, this translates to an average federal funding of $5,378 per project and $2,689 per unit. The only LIHTC funded project in Clifton Heights, "18 S Diamond St," was completed in 1991, indicating the presence of LIHTC affordable housing for over three decades.
The LIHTC funded affordable housing in Clifton Heights consists entirely of two-bedroom units. This unit configuration may cater to small families or individuals seeking more space.
Demographic trends over the past decade show that Clifton Heights has experienced slight fluctuations in population, with 8,303 residents reported in 2022. The median income has increased from $48,950 in 2013 to $63,546 in 2022, suggesting potential economic growth in the area.
Racial demographics have shifted notably over the past decade. The white population has decreased from 73% in 2013 to 51% in 2022, while the Black population has increased from 16% to 36% during the same period. The Asian population has also seen a slight increase from 4% to 7%. These changes reflect growing diversity in the city's population.
In conclusion, Clifton Heights has a small LIHTC funded affordable housing inventory that has remained stable since 1991. While the city's demographics have changed significantly over the past decade, with increasing diversity and median income, the LIHTC funded affordable housing stock has not expanded. This analysis provides insight into the current state of LIHTC funded affordable housing in Clifton Heights and its relationship to the city's changing demographics.
