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Affordable Housing in Indiana: LIHTC's Impact on a Small Pennsylvania City
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Indiana, located in Pennsylvania, houses Indiana University of Pennsylvania and has a history as a coal mining town. The Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory in the city comprises 76 total units, with 67 designated as low-income units. This represents approximately 1.41% of the city's estimated 5,395 housing units.
Indiana has received $928,120 in project tax credits for affordable housing through the LIHTC program. With approximately 4 projects, this equates to an average federal funding of $232,030 per project and $12,212 per unit. The city accounts for 0.16% of the total state LIHTC funding.
The initial LIHTC project in Indiana, White's Run Common, was completed in 1994, while the most recent project, Orchard Hill II, was finished in 2010. This indicates that affordable housing has been present in the city for at least 16 years. The 2000s experienced the most affordable housing activity, with three projects completed during this decade: Indiana House II (2001), Glen Oaks Housing II (2009), and Orchard Hill II (2010).
The LIHTC funded housing in Indiana consists primarily of one-bedroom units, with 70 one-bedroom and 6 two-bedroom units. This distribution suggests a focus on housing for smaller households or individuals.
Indiana's population has fluctuated over the past decade, with a slight overall decrease from 14,066 in 2010 to 14,082 in 2022. The median income has shown an upward trend, rising from $34,125 in 2015 to $44,801 in 2022. This increase in median income may partially explain the lack of new LIHTC projects since 2010, as the overall economic situation of residents may have improved.
Racial demographics have remained relatively stable, with a slight decrease in the white population from 88% in 2013 to 88% in 2022. The Black population has decreased from 6% to 4%, while the Asian population has remained steady at around 1-3%. The Hispanic population has increased slightly from 2% to 3%, and those identifying as two or more races have increased from 1% to 4%.
Indiana's LIHTC funded affordable housing inventory has provided 76 units of affordable housing over the past few decades. The majority of these units are one-bedroom, catering to smaller households. No new LIHTC projects have been completed since 2010, possibly due to the rising median income in the area. The city's demographics have remained relatively stable, with slight increases in diversity. The LIHTC program has contributed to providing affordable housing options for Indiana residents, impacting the city's housing landscape.
