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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Belleville, Pennsylvania, is a small community with a population of 3,647 as of 2022. The city has one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project in its inventory.
The LIHTC program has funded 36 affordable housing units in Belleville, all of which are designated as low-income units. Based on the estimated housing inventory of approximately 1,397 units, the LIHTC-funded affordable housing comprises about 2.58% of the city's housing stock. This percentage indicates that LIHTC-funded affordable housing has a modest role in addressing the community's affordable housing needs.
The Belleville LIHTC project received $56,941 in tax credits. This amount represents the average federal funding per project in the city. The average federal funding per unit is approximately $1,582. Belleville's LIHTC funding represents 0.01% of Pennsylvania's total state LIHTC funding allocation.
The sole LIHTC project in Belleville, named Belleville Commons, was completed in 1994. This project has provided affordable housing in the community for nearly three decades. All 36 units in the project are two-bedroom units, offering consistent housing options for families or individuals requiring more space.
Belleville has experienced modest population growth, increasing from 3,423 in 2010 to 3,647 in 2022. The median income has generally trended upward, rising from $37,004 in 2013 to $46,778 in 2022. This increase in median income may indicate growing economic stability in the community.
Racial demographics in Belleville have remained relatively stable over the past decade. The white population has consistently comprised the vast majority (98-99%) of residents. There has been minimal change in the representation of other racial groups, with slight variations in the percentages of Black residents and those identifying as two or more races.
Belleville's LIHTC-funded affordable housing inventory, while modest in scale, has been a consistent part of the community's housing landscape for nearly 30 years. The single project, Belleville Commons, provides 36 two-bedroom units, contributing to the city's affordable housing options. Demographic trends show slight population growth and increasing median income, while the racial composition has remained largely unchanged. These factors, combined with the long-standing presence of LIHTC-funded housing, suggest a stable affordable housing situation in Belleville. Additional affordable housing initiatives beyond LIHTC may be necessary to fully meet the community's needs.