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Affordable Housing in Edinboro, Pennsylvania: A Decade of LIHTC Impact
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Edinboro, located in Pennsylvania, has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory that contributes to the city's housing needs. The city has a total of 22 units in LIHTC-funded projects, with 12 of these designated as low-income units. Based on the estimated housing inventory of 1,900 units, the LIHTC-funded affordable housing covers approximately 1.16% of the city's housing stock.
Edinboro has received $9,260 in project tax credits through the LIHTC program. With approximately 2 projects, this translates to an average of $4,630 in federal funding per project. When considering the total units, the average federal funding per unit is $421.
The city's affordable housing projects have been present since 1988, with the Buckeye Apartments being a notable project completed that year. The 1980s saw the most affordable housing activity in Edinboro.
The LIHTC-funded projects in Edinboro provide a mix of unit types. There are 4 one-bedroom units, 9 two-bedroom units, and 9 three-bedroom units, offering options for various household sizes.
Over the past decade, Edinboro has experienced a significant population decline, from 6,443 in 2015 to 4,958 in 2022. Despite this decrease, the median income has shown some fluctuation, rising from $54,695 in 2015 to a peak of $74,437 in 2017, before settling at $59,329 in 2022.
The racial composition of Edinboro has remained predominantly white, with a slight increase in diversity over the years. The white population percentage decreased from 89% in 2015 to 94% in 2022, while small increases were observed in Asian, Black, and Hispanic populations.
The demographic trends, particularly the declining population and fluctuating median income, may have influenced the need for additional LIHTC projects in recent years.
Edinboro's LIHTC-funded affordable housing inventory, while modest, provides important housing options for low-income residents. The city's demographic shifts, including population decline and income fluctuations, likely impact the ongoing need for affordable housing. The existing LIHTC projects, dating back to 1988, offer a range of unit sizes to accommodate different household needs. As the city continues to evolve, ongoing assessment of affordable housing needs will be crucial to ensure adequate housing options for all residents.
