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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Allentown, Pennsylvania's third-largest city, has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 672 total units, with 590 designated as low-income units. This represents approximately 1.4% of the city's estimated housing stock of 47,933 units.
Allentown has received $5,587,575 in project tax credits for affordable housing through the LIHTC program. The city has approximately 34 projects, resulting in an average federal funding of $164,340 per project and $8,314 per unit. Allentown holds 0.94% of the total state LIHTC funding.
The city's LIHTC-funded affordable housing spans from 1987 to 2017. The earliest projects, S 7Th St Apts and White Hall Apts, were completed in 1987. The most recent project, Sacred Heart Residences, was completed in 2017, indicating a 30-year history of LIHTC-funded affordable housing in Allentown.
The 1980s saw the highest number of LIHTC projects completed, with 14 projects finished between 1987 and 1989. Notable projects from this period include Union Street Apts and Allentown Towne House.
Allentown's LIHTC-funded housing inventory includes a diverse mix of unit types. Out of the 672 total units, there is 1 efficiency, 330 one-bedroom units, 208 two-bedroom units, 71 three-bedroom units, and 8 four-bedroom units. This distribution suggests a focus on accommodating smaller households and families.
Allentown's population has grown from 118,577 in 2013 to 125,105 in 2022, an increase of about 5.5%. The median income has risen from $36,655 in 2013 to $55,949 in 2022, representing a 52.6% increase.
Racial demographics have shifted, with the Hispanic population growing from 47% in 2013 to 55% in 2022. The white population decreased from 38% to 31% during the same period. The black population remained relatively stable, moving from 10% to 9%.
Despite these demographic changes, there have been few new LIHTC projects in recent years. The last recorded project, Sacred Heart Residences, was completed in 2017. This could indicate that other affordable housing programs are meeting the city's needs, or that the focus has shifted to maintaining and renovating existing affordable housing stock.
Allentown's LIHTC-funded affordable housing inventory represents a small but significant portion of the city's housing stock. The program has provided substantial federal funding over three decades, resulting in a diverse range of housing options for low-income residents. The apparent slowdown in new LIHTC projects in recent years may warrant further investigation into how the city is addressing its evolving affordable housing needs.