Loading Content...
Affordable Housing in Zip Code 83227: Redstone Project Dominates Rural Clayton, Idaho
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 83227 in Clayton, Idaho, is a rural area with a population of 25 as of 2022. This zip code contains one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project. The project, named Redstone, provides 24 units, of which 23 are designated as low-income units. Based on the estimated housing inventory of approximately 10 units, the LIHTC funded affordable housing comprises the majority of the zip code's housing inventory.
The LIHTC project in zip code 83227 received $41,766 in tax credits, which equates to about $1,740 per unit when divided by the total number of units. This funding represents 0.05% of Idaho's total LIHTC allocation, indicating a small but significant investment in affordable housing for this rural area.
The Redstone project, completed in 1994, has been providing affordable housing in the area for nearly three decades. It consists of 24 units, including 8 one-bedroom, 8 two-bedroom, and 8 three-bedroom apartments, offering a range of housing options for different household sizes.
Over the past decade, the population of zip code 83227 has fluctuated between 17 and 29 residents. The median income has shown considerable variation, ranging from $25,629 in 2014 to $85,603 in 2019, before settling at $66,183 in 2022. This income volatility may indicate a changing economic landscape in the area.
Racial demographics show that zip code 83227 has been predominantly white, with the percentage of white residents increasing from 89% in 2017 to 100% in 2022. The area has also had a small Native American population in some years, though this has decreased over time.
Zip code 83227 in Clayton, Idaho, is a small rural area with a single LIHTC funded affordable housing project that has been serving the community since 1994. The Redstone project provides a significant number of affordable units relative to the estimated housing inventory of the zip code. Despite fluctuations in population and median income over the past decade, this LIHTC project continues to play a crucial role in providing affordable housing options in this rural community.
