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Affordable Housing in Lebanon, Pennsylvania: LIHTC Contributions and Demographic Shifts
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Lebanon, Pennsylvania, a small urban area with historical roots in the 18th century, has 376 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units, of which 248 are designated as low-income. This represents approximately 3.7% of the city's estimated 10,222 housing units.
The city has received $3,131,807 in project tax credits for affordable housing through the LIHTC program. With 8 projects, the average federal funding per project is $391,476, and the average federal funding per unit is $8,329. Lebanon accounts for 0.52% of the total state funding for LIHTC projects in Pennsylvania.
LIHTC project development in Lebanon spans 27 years, from the first project, Red-Har Apts, completed in 1989, to the most recent, Kreider Commons, finished in 2016. The 1990s saw the highest number of affordable housing project completions, with three projects: Markethouse Place (1991), Maple Terrace (1996), and Oak View Terrace (1999).
The LIHTC-funded projects in Lebanon offer diverse unit types, including 1 efficiency unit, 113 one-bedroom units, 78 two-bedroom units, and 79 three-bedroom units. This distribution indicates an effort to accommodate various household sizes, with a slight emphasis on smaller households.
Lebanon's population has grown modestly from 25,518 in 2013 to 26,679 in 2022. The median income has also increased overall, rising from $41,689 in 2013 to $47,283 in 2022, despite some fluctuations.
Racial demographics in Lebanon have changed significantly. The Hispanic population has increased from 34% in 2013 to 44% in 2022, while the white population has decreased from 59% to 49%. This demographic shift may indicate a need for culturally sensitive affordable housing options.
No new LIHTC projects have been completed since 2016. This could be attributed to various factors, including changes in funding priorities, market conditions, or shifting housing needs.
Lebanon's LIHTC-funded affordable housing inventory comprises a small but significant portion of its housing stock. The city has experienced consistent development of affordable housing projects from 1989 to 2016, with diverse unit types to accommodate different household sizes. While the LIHTC program has contributed to the city's affordable housing stock, the changing demographics and rising median income suggest an evolving landscape of housing needs. The increasing Hispanic population and overall population growth indicate that continued attention to affordable housing may be necessary to meet the changing needs of Lebanon's residents.
