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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Coopersburg, located in Pennsylvania, has a population of 2,332 as of 2022. The city has two Low-Income Housing Tax Credit (LIHTC) funded affordable housing projects, providing a total of 45 affordable units, all of which are designated as low-income units. Based on the estimated housing inventory of 893 units, the LIHTC funded affordable housing covers approximately 5% of the city's housing stock.
Coopersburg has received $513,034 in project tax credits from the LIHTC program. This translates to an average of $256,517 per project and $11,401 per unit. The city holds 0.09% of Pennsylvania's total LIHTC funding, indicating a relatively small share of the state's affordable housing resources.
The first LIHTC project in Coopersburg was completed in 1994 with the Coopersburg School Apartments, while the most recent project, Coopersburg Apartments II, was completed in 2000. This shows that affordable housing has been present in the city for nearly three decades. The 1990s saw the most affordable housing development activity in Coopersburg.
All 45 LIHTC-funded units in Coopersburg are one-bedroom apartments, indicating a focus on housing for smaller households or individuals. Neither of the two projects has a specified target population, suggesting they are open to general low-income residents.
Over the past decade, Coopersburg's population has remained relatively stable, fluctuating between 2,200 and 2,500 residents. The median income has shown an overall upward trend, increasing from $87,598 in 2015 to $98,175 in 2022. This rise in median income might suggest a decreasing need for affordable housing, which could explain why no new LIHTC projects have been developed in recent years.
Regarding racial demographics, Coopersburg has maintained a predominantly white population, although there has been a slight decrease from 93% in 2015 to 86% in 2022. There has been a small increase in racial diversity, with slight growth in Black, Hispanic, and multiracial populations.
Coopersburg's LIHTC-funded affordable housing inventory consists of 45 one-bedroom units across two projects, covering approximately 5% of the city's estimated housing stock. The city received over $500,000 in tax credits, representing a small portion of Pennsylvania's total LIHTC funding. While affordable housing has been present in Coopersburg since the 1990s, no new LIHTC projects have been developed in recent years. This could be related to the city's rising median income and relatively stable population. The demographic data shows a slight increase in racial diversity, but the impact on affordable housing needs is not immediately apparent from the available information.