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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Fountain Hill, located in Pennsylvania, has a distinct affordable housing landscape supported by the Low-Income Housing Tax Credit (LIHTC) program. The borough has 97 affordable housing units, all designated as low-income units. Based on the 2022 population of 4,819 and an estimated 1,846 housing units, LIHTC-funded affordable housing comprises approximately 5.3% of the borough's estimated housing inventory.
Fountain Hill has received $404,240 in project tax credits through the LIHTC program. With two projects, this translates to an average of $202,120 in federal funding per project. The average federal funding per unit is $4,167, considering the total of 97 units. Notably, Fountain Hill holds 0.07% of Pennsylvania's total LIHTC funding allocation.
The borough's affordable housing development occurred between 1990 and 1993, with two projects: Mill Apts, completed in 1990, and Seneca Street Apts, finished in 1993. This indicates that affordable housing has been present in the borough for over three decades. The 1990s saw the most affordable housing development activity in Fountain Hill.
All 97 LIHTC-funded units in the borough are one-bedroom apartments, indicating a focus on smaller household sizes or individuals. Neither of the two projects had a specified target population, suggesting they may be open to a diverse range of low-income residents.
Over the past decade, Fountain Hill has experienced moderate population growth, increasing from 4,607 in 2013 to 4,819 in 2022. During this period, the median income has shown a slight decline, from $58,474 in 2013 to $53,226 in 2022. This downward trend in median income could indicate a growing need for affordable housing options.
The racial composition of the borough has also changed. The Hispanic population has increased significantly, from 24% in 2013 to 35% in 2022, while the white population has decreased from 67% to 63% during the same period. The black population has remained relatively stable, fluctuating between 3% and 8% over the decade.
It is noteworthy that no new LIHTC projects have been built in Fountain Hill since 1993. Despite the declining median income and changing demographics, other factors or housing programs may be addressing the borough's affordable housing needs beyond the LIHTC program.
Fountain Hill's affordable housing landscape is characterized by two LIHTC-funded projects providing 97 one-bedroom units, which cover about 5.3% of the estimated housing inventory. The borough received over $400,000 in tax credits, representing a small fraction of Pennsylvania's total LIHTC allocation. While the population has grown slightly and median income has declined over the past decade, no new LIHTC projects have been developed since 1993. The changing demographics, particularly the increase in the Hispanic population, may influence future affordable housing needs in the borough.