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Affordable Housing in Zip Code 13624: LIHTC Projects in Clayton, New York
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Clayton, New York, zip code 13624, is a rural area with a population of 5,191 as of 2022. The zip code has a total of 95 LIHTC funded affordable housing units, with 88 of these designated as low-income units. Based on the estimated housing inventory of 1,989 units, the LIHTC funded affordable housing covers approximately 4.8% of the zip code's housing stock.
The zip code has two LIHTC funded projects: Strawberry Lane and French Bay Family Housing. Strawberry Lane, completed in 2002, is the largest project with 71 total units, including 64 low-income units. It primarily consists of one-bedroom units (67) with a few two-bedroom units (4). French Bay Family Housing, with an unspecified completion year, offers 24 units, all of which are low-income. It has a mix of one-bedroom (4) and two-bedroom (2) units.
The early 2000s marked the beginning of LIHTC funded affordable housing in this zip code, with Strawberry Lane being a significant development. The inventory mainly consists of one-bedroom units (71 out of 95 total units), suggesting a focus on smaller household sizes or individual residents.
Over the past decade, the zip code has experienced fluctuations in population, with a general declining trend from 5,938 in 2017 to 5,191 in 2022. The median income has shown variability, ranging from $61,767 in 2020 to $74,423 in 2021, before decreasing to $62,338 in 2022. This income volatility could indicate ongoing economic challenges in the area.
The racial composition has remained relatively stable, with a predominantly white population (84-86% throughout the decade). There has been a slight increase in diversity, with small increases in the Black population (from 4% to 5%) and those identifying as two or more races (from 1% to 4%) between 2013 and 2022.
The LIHTC program has contributed to the affordable housing stock in Clayton's zip code 13624, providing 95 units, primarily one-bedroom apartments. This represents about 4.8% of the estimated housing inventory. The area has experienced population decline and income fluctuations in recent years, which could influence future affordable housing needs. The stable racial composition, with a slight trend towards increased diversity, may also factor into housing considerations moving forward.
