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Affordable Housing in Clifton, Texas: LIHTC Program Impact Analysis
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, Texas, maintains a small Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The program has generated 20 low-income units, constituting approximately 1.2% of the city's estimated 1,651 housing units. The LIHTC program in Clifton has received $120,124 in project tax credits, averaging $60,062 per project and $6,006 per unit. Clifton's share represents 0.1% of Texas's total LIHTC funding.
The city's LIHTC-funded housing development occurred between 1992 and 2006. The initial project, Bosque Village Apartments, was completed in 1992, while the most recent, Clifton Manor, was finished in 2006. This 14-year span indicates a sustained, albeit limited, commitment to affordable housing development. The projects were evenly distributed, with one completed in the 1990s and another in the 2000s.
The LIHTC projects in Clifton primarily consist of two-bedroom units, totaling 19, with one additional one-bedroom unit. This distribution suggests a focus on accommodating small families or couples in the city's affordable housing inventory.
Clifton's population has remained relatively stable over the past decade, fluctuating between approximately 4,000 and 4,500 residents. The median income has increased gradually, rising from $51,225 in 2019 to $63,055 in 2022. This upward trend in income may partially explain the absence of new LIHTC projects in recent years.
The city's racial composition has undergone changes, with the Hispanic population increasing from 16% in 2019 to 30% in 2022, while the white population decreased from 79% to 67% during the same period. These demographic shifts could potentially influence future affordable housing needs and planning.
In summary, Clifton's LIHTC-funded affordable housing inventory, though modest, has provided 20 low-income units to the community. The program has contributed a small but significant portion to the city's estimated housing stock. With two projects completed between 1992 and 2006, the city has maintained a long-term commitment to affordable housing. The focus on two-bedroom units suggests an emphasis on accommodating small families. While no new LIHTC projects have been developed in recent years, the changing demographics and increasing median income may influence future affordable housing needs and strategies in Clifton.
