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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Atglen, a small community in Pennsylvania, has a unique affordable housing landscape shaped by the Low-Income Housing Tax Credit (LIHTC) program. This analysis examines the LIHTC-funded affordable housing inventory in Atglen and its contribution to the city's housing needs.
Atglen has one LIHTC-funded affordable housing project, providing a total of 35 low-income units. Based on the estimated 450 housing units in the city, the LIHTC-funded affordable housing covers approximately 7.8% of the city's housing inventory.
The LIHTC program has invested $241,386 in tax credits for affordable housing in Atglen. With one project, this translates to an average federal funding of $241,386 per project and $6,897 per unit. Atglen holds 0.04% of Pennsylvania's total LIHTC funding, indicating a relatively small share of the state's affordable housing resources.
The sole LIHTC project in Atglen, Glenbrook Apts, was completed in 1990. This project has been providing affordable housing in the city for over three decades. The development consists of 35 units, including 2 two-bedroom and 15 three-bedroom apartments. This unit distribution suggests a focus on accommodating families with children.
Over the past decade, Atglen has experienced some demographic shifts. The population has decreased from 1,507 in 2014 to 1,174 in 2022, a decline of about 22%. During this period, the median income fluctuated, reaching a low of $56,028 in 2018 before rising to $70,945 in 2022.
The racial composition of Atglen has remained predominantly white, though with some changes. The white population decreased from 81% in 2014 to 80% in 2022. The Hispanic population increased from 10% to 13% during the same period, while the Black population decreased slightly from 6% to 5%.
Despite these demographic changes, no new LIHTC projects have been developed in Atglen since 1990. This could be due to various factors, including limited population growth, changes in housing needs, or shifts in funding priorities.
Atglen's affordable housing landscape is characterized by a single LIHTC project that has been serving the community for over 30 years. While this project provides a significant number of low-income units relative to the city's size, it represents a small portion of Pennsylvania's overall LIHTC investment. The city has experienced population decline and income fluctuations in recent years, which may influence future affordable housing needs and development strategies. As Atglen continues to evolve, ongoing assessment of its affordable housing inventory will be crucial to ensure it meets the changing needs of its residents.