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Affordable Housing in Burgettstown: LIHTC's Impact on a Small Pennsylvania 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
Burgettstown, located in Pennsylvania, has one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project. This project provides 24 affordable units, all of which are designated as low-income units. Based on an estimated housing inventory of approximately 503 units, LIHTC-funded affordable housing comprises about 4.77% of the city's housing stock.
The LIHTC program has invested $287,422 in tax credits for affordable housing in Burgettstown. This investment equates to an average federal funding of $287,422 per project and $11,976 per unit. The city's LIHTC funding represents 0.05% of Pennsylvania's total state allocation, indicating a small but significant contribution to the state's affordable housing efforts.
The sole LIHTC project in Burgettstown, Burgettstown Elderly Apt, was completed in 2006. This project has provided affordable housing options for the community for over 15 years. All 24 units in this project are one-bedroom apartments, suggesting a focus on accommodating single residents or small households.
Demographic trends over the past decade show that Burgettstown has experienced a slight decline in population, from 1,388 in 2015 to 1,314 in 2022. Despite this decrease, the median income has shown an overall upward trend, rising from $48,052 in 2015 to $50,438 in 2022. This increase in median income, albeit modest, may indicate a reduced need for additional affordable housing in recent years.
Racial demographics in Burgettstown have remained relatively stable, with a predominantly white population. However, there has been a slight increase in diversity, with the white population decreasing from 96% in 2015 to 89% in 2022, and small increases in Hispanic and multi-racial populations.
In conclusion, Burgettstown's LIHTC-funded affordable housing, while limited to one project, provides an important housing resource for low-income residents. The 24 one-bedroom units, likely serving elderly residents given the project's name, contribute to addressing the affordable housing needs of the community. While the percentage of affordable housing is below typical target levels for a well-balanced city, it is important to note that other housing programs or initiatives not captured in this data may also be contributing to the affordable housing inventory in Burgettstown.
