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Affordable Housing in Clinton, Missouri: Three Decades of LIHTC Implementation
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Clinton, Missouri, exhibits a notable presence of affordable housing funded through the Low-Income Housing Tax Credit (LIHTC) program. The city's LIHTC-funded affordable housing inventory comprises 391 total units, with 256 designated as low-income units. Based on the 2022 population of 11,680 and an estimated 4,475 housing units, LIHTC-funded affordable housing represents approximately 8.7% of the city's estimated housing inventory.
Clinton has received $1,808,977 in project tax credits for affordable housing through the LIHTC program. With 11 approximate projects, this equates to an average of $164,452 in federal funding per project. The average federal funding per unit is $4,626, considering the total of 391 units in LIHTC-funded projects. Clinton holds 0.52% of the total state LIHTC funding, indicating a substantial investment in affordable housing relative to its size.
The city's involvement with LIHTC-funded affordable housing spans nearly three decades, from 1990 to 2017. The earliest projects, including "223 W Gravel St" and "224 W Gravel St," were completed in 1990. The most recent project, "Cloy Estates Phase Ii L.P.," was completed in 2017. The 1990s saw the highest number of affordable housing projects completed, with five projects initiated during this decade.
The LIHTC-funded housing in Clinton offers a diverse range of unit types. The inventory includes 143 one-bedroom units, 221 two-bedroom units, 17 three-bedroom units, and 2 four-bedroom units. This distribution suggests a focus on accommodating various household sizes, with a particular emphasis on smaller families or individuals.
One notable project, "Cloy Estates Phase Ii L.P.," completed in 2017, specifically targets the handicapped population. This project demonstrates an effort to address the housing needs of a vulnerable demographic within the community.
Over the past decade, Clinton has experienced slight fluctuations in its population, with a modest increase from 11,367 in 2019 to 11,680 in 2022. The median income has shown some variability, rising from $47,496 in 2019 to $49,585 in 2022. This increase in median income may indicate a growing need for affordable housing options to support lower-income residents.
Regarding racial demographics, Clinton has maintained a predominantly white population, consistently around 92% from 2018 to 2022. There has been a slight increase in racial diversity, with small but growing percentages of Black, Hispanic, and multiracial residents. This gradual diversification may influence future affordable housing needs and considerations.
Clinton's LIHTC-funded affordable housing inventory represents a significant portion of its housing stock, covering 8.7% of the estimated housing units. The city has consistently invested in affordable housing over nearly three decades, with a diverse range of unit types to accommodate various household sizes. The most recent project's focus on the handicapped population demonstrates an effort to address specific community needs. While the city's demographics have remained relatively stable, the slight increases in population, median income, and racial diversity may influence future affordable housing requirements and planning.
