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Affordable Housing in Ambler, Pennsylvania: LIHTC's Impact on a Small Borough
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Ambler in Pennsylvania has a single Low-Income Housing Tax Credit (LIHTC) funded affordable housing project. This project provides 60 affordable housing units, of which 6 are designated as low-income units. The LIHTC-funded housing represents approximately 2.31% of the borough's estimated 2,596 housing units.
The LIHTC program has invested $367,231 in tax credits for affordable housing in Ambler. This investment averages $367,231 per project and $6,120.52 per unit. Ambler's LIHTC funding accounts for 0.06% of Pennsylvania's total, indicating a small portion of the state's affordable housing investment.
The sole LIHTC project in Ambler, Ambler Manor Apts, was completed in 2001. This development has provided affordable housing options for over two decades. It consists of 52 one-bedroom units and 8 two-bedroom units, primarily serving smaller households or individuals.
Ambler's population has grown modestly from 6,513 in 2015 to 6,775 in 2022. The median income was $72,453 in 2022, representing a slight decrease from previous years. This decrease may indicate a growing need for affordable housing options.
The racial demographics of Ambler have remained relatively stable. The white population consistently represents the majority at approximately 70%. The Black population has increased slightly from 11% in 2019 to 16% in 2022. The Asian population has remained steady at 4% since 2019. The Hispanic population has fluctuated, decreasing from 12% in 2019 to 8% in 2022.
Ambler's LIHTC-funded affordable housing inventory, while limited to one project, provides 60 units of affordable housing. This represents a small but significant portion of the city's estimated housing stock. The project, completed in 2001, has been a long-standing contributor to the city's affordable housing options. Recent demographic trends show a slight decrease in median income and some shifts in racial composition, suggesting that the need for affordable housing may be evolving. The existing LIHTC project, primarily offering one-bedroom units, addresses a specific housing need in the community. Further analysis of changing demographics and housing needs may be warranted to ensure adequate affordable housing options for all residents.
