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Affordable Housing in Danville, Pennsylvania: LIHTC Impact on a Small 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
Danville, located in Pennsylvania, is a small community with a population of 4,265 as of 2022. The city's Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory consists of 24 total units, all of which are designated as low-income units. Based on the estimated housing inventory of approximately 1,634 units, the LIHTC-funded affordable housing covers about 1.47% of the city's housing stock.
Danville has received $278,956 in project tax credits through the LIHTC program for affordable housing. With two approximate projects, this translates to an average federal funding of $139,478 per project. When divided by the total units, it equates to approximately $11,623 in federal funding per unit. The city holds 0.05% of the total state LIHTC funding, indicating a modest share of Pennsylvania's affordable housing resources.
The affordable housing landscape in Danville spans over a decade, with the earliest known project, Welsh Heights, completed in 2007. This project contributes significantly to the city's affordable housing stock, providing 24 units, including 22 one-bedroom and 2 two-bedroom apartments.
Analyzing the unit distribution, there is a clear preference for one-bedroom units, which make up the majority of the LIHTC-funded housing in Danville. This composition suggests a focus on accommodating smaller households or individuals.
Examining demographic trends over the last decade, Danville has experienced a gradual population decline, from 4,702 residents in 2014 to 4,265 in 2022. The median income has fluctuated, with a notable decrease from $48,535 in 2014 to $36,627 in 2022. This trend might indicate an increasing need for affordable housing options in the community.
Racial demographics have remained relatively stable, with a slight decrease in the white population from 92% in 2014 to 87% in 2022. There has been a small increase in diversity, particularly in the Asian and Black populations, which could potentially influence future affordable housing needs.
In summary, Danville's LIHTC-funded affordable housing inventory, while modest in scale, provides an important resource for low-income residents. The concentration on one-bedroom units aligns with the needs of smaller households. The declining population and fluctuating median income suggest that affordable housing remains a relevant concern for the community. As the city's demographics continue to evolve, ongoing assessment of affordable housing needs will be crucial to ensure adequate support for all residents.
