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Affordable Housing in Girardville: A Single LIHTC Project's Impact on a Small Pennsylvania Borough
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Girardville, located in Pennsylvania, maintains a small LIHTC-funded affordable housing inventory. The total LIHTC-funded affordable housing consists of 16 units, all designated as low-income units. Based on the 2022 population of 1,260 and an estimated 483 housing units, the LIHTC-funded affordable housing comprises approximately 3.3% of the city's estimated housing inventory.
Girardville has received $54,636 in project tax credits through the LIHTC program. With one project, this translates to an average federal funding of $54,636 per project and $3,415 per unit. The city holds 0.01% of the total state LIHTC funding, indicating a relatively small share of Pennsylvania's affordable housing resources.
The sole LIHTC-funded project in Girardville is Girardville Tower, completed in 1997. This project marks the inception of LIHTC-funded affordable housing in the city and has been providing low-income housing options for over two decades. All 16 units in the LIHTC-funded project are one-bedroom units, suggesting a focus on smaller households or individuals in need of affordable housing.
Over the past decade, Girardville has experienced demographic shifts. The population has fluctuated, showing a slight overall decline from 1,454 in 2019 to 1,260 in 2022. Median income has also decreased from $34,679 in 2019 to $29,601 in 2022, indicating a potential increase in the need for affordable housing options.
Racial distribution in Girardville has remained predominantly white, with a slight increase from 93% in 2019 to 94% in 2022. The Hispanic population has shown some fluctuation, peaking at 8% in 2018 and decreasing to 3% in 2022.
Girardville's LIHTC-funded affordable housing inventory consists of a single project with 16 one-bedroom units, completed in 1997. While this project covers a small percentage of the city's estimated housing inventory, it has been providing low-income housing options for over two decades. The recent trends in population decline and decreasing median income suggest a potential ongoing need for affordable housing in the community. The city's small share of state LIHTC funding indicates that there may be opportunities for further affordable housing development to address the changing demographic and economic landscape of Girardville.
