Loading Content...
Affordable Housing in Clinton, Tennessee: A 30-Year LIHTC Journey
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Clinton, Tennessee, is an urban area with a population of 17,896 as of 2022. The city has 323 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units, of which 250 are designated as low-income. Based on an estimated housing inventory of 6,857 units, LIHTC-funded affordable housing comprises approximately 4.7% of the city's housing stock.
Clinton has received $616,869 in project tax credits for affordable housing through the LIHTC program. With four projects, this equates to an average of $154,217 in federal funding per project. The average federal funding per unit is $1,910. Clinton accounts for 0.13% of the total state LIHTC funding for Tennessee.
The first LIHTC project in Clinton, Callaway Village Apts, was completed in 1988, while the most recent project, Gate Manor Apartments, was finished in 2018. This indicates a 30-year span of affordable housing development in the city. The 1980s and 1990s saw two projects completed, followed by one each in the 2000s and 2010s.
The LIHTC-funded housing in Clinton consists of 231 one-bedroom units, 68 two-bedroom units, and 24 three-bedroom units. No efficiency or four-bedroom units are reported.
Over the past decade, Clinton's population increased from 17,083 in 2013 to 17,896 in 2022. The median income rose from $48,680 in 2013 to $60,591 in 2022, indicating improving economic conditions for residents.
Racial demographics have remained relatively stable, with a slight decrease in the white population from 96% in 2013 to 92% in 2022. There has been a small increase in diversity, with slight growth in Hispanic, Asian, and multi-racial populations.
The completion of Gate Manor Apartments in 2018 aligns with the period of population growth and increasing median income, suggesting a response to the growing need for affordable housing as the city expanded.
Clinton's LIHTC-funded affordable housing inventory represents a small but significant portion of its housing stock. The city has maintained a consistent pace of affordable housing development over three decades. While the LIHTC projects contribute to meeting affordable housing needs, they cover less than 5% of the estimated housing inventory. The recent demographic trends, including population growth and rising median income, may influence future affordable housing needs and development in Clinton.
_tennessee%2Fen-population-population-density-tennessee-nashville-davidson-metropolitan-government-(balance)-antioch.webp%3F&w=3840&q=75)
_tennessee%2Fen-population-population-density-tennessee-nashville-davidson-metropolitan-government-(balance)-chatham-pointe.webp%3F&w=3840&q=75)
