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Affordable Housing in Elizabethtown: LIHTC's Three-Decade 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
Elizabethtown, Pennsylvania, is a small city with an estimated population of 11,805 as of 2022. The Low-Income Housing Tax Credit (LIHTC) program has contributed to affordable housing in Elizabethtown, providing 69 low-income units across LIHTC-funded projects. These units represent approximately 1.53% of the city's estimated housing inventory of 4,523 units.
Elizabethtown has received $335,135 in project tax credits through the LIHTC program. With approximately 2 LIHTC-funded projects, this amounts to an average of $167,568 in federal funding per project. The average federal funding per unit is about $4,857. The city's share of the total state LIHTC funding is 0.06%, indicating a relatively small portion of Pennsylvania's affordable housing allocation.
The first LIHTC project in Elizabethtown, Park Place Apts, was completed in 1987, while the most recent project, Whistlestop View Apts, was finished in 1998. This demonstrates that affordable housing through the LIHTC program has been present in the city for over three decades. The 1990s saw the most affordable housing activity, with Whistlestop View Apts being the notable project completed during this period.
The LIHTC-funded projects in Elizabethtown consist of 61 one-bedroom units and 8 two-bedroom units. This distribution suggests a focus on smaller households or individuals in need of affordable housing.
Over the past decade, Elizabethtown's population has remained relatively stable, with minor fluctuations. The median income has shown a general upward trend, increasing from $51,655 in 2013 to $56,032 in 2022. This modest income growth may indicate a continued need for affordable housing options in the city.
Racial demographics have remained fairly consistent, with a slight decrease in the white population from 91% in 2013 to 88% in 2022. There has been a small increase in diversity, with slight growth in Hispanic, Black, and Asian populations. This gradual shift in demographics could potentially influence future affordable housing needs and planning.
Elizabethtown's LIHTC-funded affordable housing inventory, while modest, has been a consistent part of the city's housing landscape for over 30 years. The 69 low-income units, primarily consisting of one-bedroom apartments, serve approximately 1.53% of the city's estimated housing stock. While the city's demographics have remained relatively stable, the gradual increase in median income and slight growth in diversity may influence future affordable housing needs. The LIHTC program continues to be an important tool in addressing affordable housing in Elizabethtown, though it represents a small portion of the overall state allocation.
