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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The East Side neighborhood of Lancaster, Pennsylvania, contains Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood's LIHTC inventory comprises 69 total affordable units, all designated as low-income units. Based on the 2022 population of 15,116 and the estimated 5,791 housing units, LIHTC funded affordable housing represents approximately 1.19% of the neighborhood's estimated housing inventory.
The LIHTC program has invested in the East Side neighborhood, with project tax credits totaling $218,577. This equates to an average federal funding of $3,167 per unit across the LIHTC-funded projects. The neighborhood has had LIHTC-funded affordable housing since 1990, with the King Theatre Apts project initiating this initiative. The most recent project, 439 E King Street Partnership, was completed in 1994, indicating a four-year span of LIHTC development activity in the area.
The 1990s saw the most affordable housing projects completed in the East Side neighborhood. The LIHTC-funded housing stock in the area consists of 18 efficiencies, 43 one-bedroom units, and 8 two-bedroom units, providing a range of options for low-income residents.
Over the last decade, the East Side neighborhood has experienced demographic shifts. The population has remained relatively stable, fluctuating between approximately 14,000 and 15,500 residents. Median income has increased from $53,364 in 2018 to $67,980 in 2022, potentially indicating changing economic conditions in the area.
Racial demographics have evolved. The white population has decreased from 60% in 2018 to 55% in 2022, while the Black population has increased from 10% to 15% during the same period. The Hispanic population has remained relatively stable at around 24%. These changes suggest a gradually diversifying neighborhood.
The absence of new LIHTC projects in the last decade may be related to the rising median income, which might have reduced the perceived need for additional affordable housing. However, other affordable housing programs not captured in this data may also be serving the community.
The East Side neighborhood of Lancaster has a modest LIHTC-funded affordable housing presence, covering about 1.19% of the estimated housing inventory. The existing LIHTC projects, developed in the early 1990s, provide a mix of unit types to serve diverse low-income household needs. While demographic shifts have occurred over the past decade, including rising median incomes and increasing racial diversity, the neighborhood's LIHTC inventory has remained stable. This analysis provides insight into one aspect of affordable housing in the East Side, though a comprehensive understanding would require consideration of other housing programs and initiatives in the area.