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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Alburtis, located in Pennsylvania, has a population of 2,569 as of 2022. The city has one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project, providing a total of 10 affordable units, including 1 low-income unit. Based on the estimated housing inventory of 984 units, the LIHTC funded affordable housing covers approximately 1% of the city's housing stock.
The LIHTC program has provided $40,109 in tax credits for affordable housing in Alburtis. This translates to an average federal funding of $40,109 per project and $4,011 per unit. Alburtis accounts for 0.01% of the total LIHTC funding allocated to Pennsylvania.
The sole LIHTC project in Alburtis, Alburtis Apts, was completed in 1991. This indicates that affordable housing has been present in the city for over three decades. The 1990s marked the decade with the most affordable housing development in the city.
The LIHTC funded project in Alburtis consists of 10 total units, with a diverse mix of unit types. The breakdown includes 3 one-bedroom units, 5 two-bedroom units, and 2 three-bedroom units. This distribution suggests an effort to accommodate various household sizes and needs within the affordable housing inventory.
Over the past decade, Alburtis has experienced steady population growth, increasing from 2,345 in 2013 to 2,569 in 2022. The median income has also risen significantly, from $89,189 in 2013 to $100,987 in 2022, indicating overall economic improvement in the area.
Racial demographics have shifted noticeably during this period. The white population has decreased from 89% in 2013 to 66% in 2022, while the Hispanic population has increased from 6% to 19%. There have also been slight increases in the Asian, Black, and multiracial populations. These changes suggest a growing diversity in the community.
Despite these demographic shifts and population growth, no new LIHTC projects have been developed in the last decade. This could be due to the rising median income, which may have reduced the perceived need for additional affordable housing units. However, the changing racial demographics and population growth might indicate a potential need for reassessment of affordable housing requirements in the future.
Alburtis's affordable housing landscape is characterized by a single LIHTC project completed in 1991, providing 10 units of diverse sizes. While this project represents a small portion of the city's estimated housing inventory, it has been a long-standing component of the community's housing options. The city has experienced population growth, increasing median income, and significant shifts in racial demographics over the past decade. These changes, coupled with the lack of new LIHTC developments, suggest that a reevaluation of affordable housing needs may be warranted to ensure the housing stock continues to meet the evolving needs of the community.