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Affordable Housing in Ephrata: LIHTC Funding and Demographic Shifts
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Ephrata, Pennsylvania, has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 11 units, all designated as low-income. This represents approximately 0.21% of the city's estimated 5,264 housing units. The borough has received $80,364 in LIHTC funding, averaging $40,182 per project and $7,306 per unit. Ephrata's share of Pennsylvania's total LIHTC funding is 0.01%.
The Ephrata Family Housing project, completed in 1999, marked the beginning of LIHTC-funded affordable housing in the borough. The current inventory includes 1 efficiency unit, 9 two-bedroom units, and 1 three-bedroom unit, accommodating various household sizes.
Demographic trends show Ephrata's population increased from 13,383 in 2010 to 13,738 in 2022. The median income rose from $52,162 in 2013 to $55,340 in 2022, potentially indicating a growing need for affordable housing options for lower-income residents.
Ephrata's racial composition remains predominantly white, but diversity has slightly increased. The Hispanic population grew from 4% in 2013 to 9% in 2022, while the Black population increased from less than 1% to 2% during the same period. This gradual diversification may suggest a need for culturally sensitive affordable housing options.
In conclusion, Ephrata's LIHTC-funded affordable housing inventory, though small, provides essential low-income units to the community. The borough's demographic trends, including population growth and increasing median income, suggest a potential need for additional affordable housing options. The gradual increase in racial diversity may also indicate evolving housing needs within the community. Continued monitoring of these trends will be crucial in addressing the affordable housing requirements of Ephrata's residents.
