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Affordable Housing in Hawley, Pennsylvania: A Study of LIHTC-Funded Inventory
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Hawley, Pennsylvania, features a singular affordable housing project supported by the Low-Income Housing Tax Credit (LIHTC) program. The city contains 24 affordable units, all classified as low-income. Based on the 2022 population of 1,110 and an estimated 425 housing units, LIHTC-funded affordable housing comprises approximately 5.65% of the city's estimated housing inventory.
Hawley has received $69,680 in project tax credits through the LIHTC program. This funding represents 0.01% of the total state LIHTC allocation, indicating a relatively small portion of Pennsylvania's affordable housing investment. The single LIHTC-funded project, Hawley Village, was completed in 1996 and has provided affordable housing for over 25 years. All 24 units in Hawley Village are one-bedroom apartments, suggesting a focus on smaller households or individual residents.
Over the past decade, Hawley's population has fluctuated, reaching a peak of 1,364 in 2015 before declining to 1,110 by 2022. The median income has shown an upward trend, increasing from $45,732 in 2013 to $49,815 in 2022. This growth in median income may indicate a reduced need for additional affordable housing projects in recent years.
The racial composition of Hawley has become more diverse over the last decade. The percentage of white residents has decreased from 94% in 2013 to 75% in 2022, while the Hispanic population has increased significantly from 5% to 22% during the same period. This demographic shift could potentially influence future affordable housing needs and considerations.
Hawley's affordable housing landscape is characterized by a single LIHTC-funded project, Hawley Village, which has been serving the community since 1996. The 24 one-bedroom units represent about 5.65% of the estimated housing inventory. While the city has experienced fluctuations in population and an increase in median income over the past decade, the growing diversity in its racial composition may influence future affordable housing needs. The LIHTC program has played a role in providing affordable housing options in Hawley, contributing to the city's housing landscape for over two decades.
