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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Clinton, located in South Carolina, has a specific affordable housing landscape supported by the Low-Income Housing Tax Credit (LIHTC) program. The city's LIHTC-funded affordable housing inventory comprises 333 total units, with 221 designated as low-income units. Based on the 2022 population of 13,021 and an estimated 4,989 housing units, the LIHTC-funded affordable housing represents approximately 6.7% of the city's estimated housing inventory.
Clinton has received $1,977,777 in project tax credits from the LIHTC program. With approximately 8 projects, this equates to an average federal funding of $247,222 per project and $5,940 per unit. Clinton holds 0.51% of the total state LIHTC funding, indicating a significant allocation for a city of its size.
The city's involvement with LIHTC-funded affordable housing spans nearly two decades, from the J Press Apts in 2001 to the Tallwood I & II Apartments in 2018. The decade of 2010-2019 saw the most affordable housing projects completed, including Belle Ville Apts II, Clinton Green Apts, and Colony Square Apts II, all completed in 2010.
The LIHTC-funded housing stock in Clinton offers a range of unit types. Out of the 333 total units, there are 121 one-bedroom, 126 two-bedroom, 67 three-bedroom, and 1 four-bedroom units. This distribution suggests accommodation for various family sizes and living arrangements.
Over the past decade, Clinton has experienced demographic shifts. The population has decreased from 14,377 in 2019 to 13,021 in 2022. Despite this population decline, the median income has shown an overall increasing trend, rising from $42,496 in 2019 to $42,226 in 2022, with a peak of $46,871 in 2021.
Racial demographics have also shifted slightly. The white population decreased from 61% in 2019 to 57% in 2022, while the Black population increased from 30% to 33% during the same period. The Hispanic population has remained relatively stable at around 4-5%.
These demographic changes, particularly the decreasing population and fluctuating median income, may have influenced the need for affordable housing in recent years. The last LIHTC project was completed in 2018, which could indicate a stabilization in the demand for low-income housing.
Clinton's LIHTC-funded affordable housing inventory addresses the housing needs of its low-income residents. With 333 total units and 221 low-income units, the program covers about 6.7% of the estimated housing inventory. The city has received nearly $2 million in tax credits, representing 0.51% of the state's total LIHTC funding. The affordable housing stock offers a range of unit sizes, catering to diverse household needs. While the population has decreased in recent years, the median income has shown an overall upward trend, potentially impacting the demand for affordable housing. These factors, combined with the changing racial demographics, provide a complex picture of Clinton's evolving housing landscape.