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Affordable Housing in Clymer: A Singular LIHTC Project's Impact
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Clymer, located in Pennsylvania, possesses a distinct Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city maintains 26 total units in LIHTC-funded projects, with 25 designated as low-income units. Based on an estimated housing inventory of 425 units, LIHTC-funded affordable housing comprises approximately 6.1% of the city's housing stock.
Clymer has received $51,880 in project tax credits from the LIHTC program for affordable housing. With one approximate project, this equates to an average federal funding of $51,880 per project and $1,995 per unit. The city holds 0.01% of the total state LIHTC funding, indicating a relatively small proportion of Pennsylvania's affordable housing investment.
The single LIHTC project in Clymer, Clymer House Apts, was completed in 1991. This project has provided affordable housing in the city for over three decades. The housing inventory consists of 24 one-bedroom units and 2 two-bedroom units, primarily serving smaller households or individuals.
Over the past decade, Clymer has experienced a consistent decline in population, from 1,275 in 2014 to 1,109 in 2022. Despite this decrease, the median income has demonstrated an overall upward trend, increasing from $35,468 in 2014 to $40,448 in 2022. The racial composition of the city has remained predominantly white, consistently above 96% throughout the decade.
The absence of new LIHTC projects in recent years may be attributed to the declining population and increasing median income, potentially indicating a reduced demand for additional low-income housing. However, it is important to note that other affordable housing programs not captured in this data may also be addressing the city's housing needs.
Clymer's LIHTC-funded affordable housing inventory, while modest in scale, has maintained a consistent presence in the community for over 30 years. The single project, Clymer House Apts, provides 25 low-income units, predominantly one-bedroom apartments. Despite demographic shifts, including population decline and rising median income, this project continues to contribute to the city's affordable housing stock. While the LIHTC-funded units represent a small portion of the estimated housing inventory, they play a role in addressing the affordable housing needs of Clymer's residents.
