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Affordable Housing in Lansdowne, Pennsylvania: A Single LIHTC Project's Impact
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Lansdowne, located in Pennsylvania, has a unique Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city has one LIHTC-funded project providing 41 affordable housing units, all of which are designated as low-income units. With an estimated housing inventory of 4,234 units based on the 2022 population, the LIHTC-funded affordable housing covers approximately 0.97% of the city's housing stock.
Lansdowne has received $403,302 in project tax credits from the LIHTC program for affordable housing. This translates to an average federal funding of $403,302 per project and $9,837 per unit. The city holds 0.07% of the total state funding for LIHTC projects in Pennsylvania.
The sole LIHTC-funded project in Lansdowne is Simpson Gardens, completed in 2004. This project marks the beginning and current extent of LIHTC-funded affordable housing in the city, spanning nearly two decades. Simpson Gardens consists of 41 units, including 38 one-bedroom and 3 two-bedroom apartments, catering primarily to individuals and small families.
Over the past decade, Lansdowne has experienced a slight population increase, growing from 10,618 in 2013 to 11,051 in 2022. The median income has fluctuated, rising from $63,396 in 2013 to $66,027 in 2022. The racial composition has remained relatively stable, with the Black population consistently representing the largest group at around 49-51% of the total population, followed by the White population at 38-41%.
Despite these demographic shifts, there have been no new LIHTC projects in the last decade. This could be due to various factors, including limited available land for development, changes in local housing policies, or the presence of other affordable housing programs not captured in this data.
Lansdowne's LIHTC-funded affordable housing inventory consists of a single project, Simpson Gardens, providing 41 low-income units. While this represents a small fraction of the city's estimated housing stock, it has been a consistent presence since 2004. The city's demographic trends show a slight population increase and income growth over the past decade, with a stable racial composition. The lack of new LIHTC projects in recent years suggests that other factors may be influencing affordable housing development in the area.
