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Affordable Housing in Chicora: LIHTC's Two-Decade 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
Chicora, located in Pennsylvania, possesses a single Low-Income Housing Tax Credit (LIHTC) funded affordable housing project. This project, Chicora Commons, provides 27 low-income units to the community. The LIHTC-funded affordable housing constitutes approximately 7.3% of the city's estimated housing stock of 371 units.
The LIHTC program has allocated $181,046 in tax credits for affordable housing in Chicora. This allocation equates to an average federal funding of $6,705 per unit in the Chicora Commons project. The city's LIHTC funding represents 0.03% of Pennsylvania's total state allocation for affordable housing.
Chicora Commons, completed in 2000, is the sole LIHTC-funded project in the borough. This project has been present in the city for over two decades. The development consists entirely of 27 one-bedroom units, indicating a focus on accommodating smaller households or individuals.
Demographic shifts have occurred in Chicora over the past decade. The population has fluctuated, showing a general downward trend from 1,114 in 2010 to 968 in 2022. Despite this population decrease, the median income has demonstrated an overall increase, rising from $45,833 in 2013 to $58,451 in 2022.
Racial demographics have remained relatively stable, with the white population consistently representing the majority. A slight increase in diversity has been observed, with small percentages of Black and Hispanic residents reported in recent years.
The steady median income growth and relatively stable population may suggest that the existing LIHTC project has been sufficient to meet the community's affordable housing needs over the past decade. However, it is important to note that other affordable housing programs may also contribute to the overall inventory.
Chicora's LIHTC-funded affordable housing, while limited to a single project, provides 27 low-income units, covering about 7.3% of the estimated housing stock. The Chicora Commons project, completed in 2000, has served the community for over 20 years. Despite population fluctuations, the borough has experienced overall median income growth in recent years. This demographic trend, combined with the long-standing presence of the LIHTC project, suggests a relatively stable affordable housing situation in Chicora.
