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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Duncannon in Pennsylvania maintains a limited Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city has 28 affordable units, all categorized as low-income. Based on the 2022 population of 2,022 and an estimated 775 housing units, LIHTC-funded affordable housing comprises approximately 3.6% of the city's estimated housing inventory.
Duncannon has received $43,290 in project tax credits through the LIHTC program. With one project, this equates to an average federal funding of $43,290 per project and $1,546 per unit. The borough holds 0.01% of the total state LIHTC funding.
The single LIHTC project in Duncannon is Susquehanna Apts, completed in 1995. This project represents both the inception and current extent of LIHTC-funded affordable housing in the city, spanning nearly three decades.
All 28 units in the LIHTC-funded project are one-bedroom units, providing housing options for smaller households or individuals. The project does not specify a target population, suggesting it may serve a general low-income demographic.
Duncannon's population has fluctuated over the past decade, peaking at 2,626 in 2013 and declining to 2,022 by 2022. The median income has shown an overall upward trend, increasing from $58,818 in 2013 to $68,898 in 2022. This rise in median income may indicate a reduced need for additional affordable housing projects.
The racial composition of Duncannon has remained predominantly white, with a slight decrease from 93% in 2019 to 90% in 2022. There has been a small increase in diversity, with Hispanic, Black, and multiracial populations each representing about 1-4% of the population by 2022.
Duncannon's LIHTC-funded affordable housing inventory consists of a single project with 28 one-bedroom units, completed in 1995. This represents a small portion of the city's estimated housing stock but has provided consistent affordable housing options for nearly three decades. The city's demographic trends, including a slightly declining population and increasing median income, may influence the perceived need for additional LIHTC projects. The modest increase in racial diversity over recent years could potentially impact future affordable housing considerations.