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Affordable Housing in Logantown: LIHTC Developments and Demographic Trends
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Logantown, a neighborhood in Altoona, Pennsylvania, has a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood's LIHTC inventory comprises 87 total units, with 76 designated as low-income units. Based on the 2022 population of 1,711 and using the national average household size of 2.61, the estimated number of housing units in the neighborhood is approximately 656. The LIHTC funded affordable housing represents about 13.3% of the estimated housing inventory, which aligns closely with the target percentage for a well-balanced community.
The LIHTC projects in Logantown have received $736,262 in tax credits, averaging $8,463 per unit. This investment demonstrates a commitment to creating affordable housing options in the area. The neighborhood has seen LIHTC projects completed over a span of seven years, with the first project, Chatham Mews, completed in 2011, and the most recent, Cherry Grove Apartments, in 2018. This indicates a sustained effort to provide affordable housing options over time.
The 2010s saw the most affordable housing activity in Logantown, with both LIHTC projects completed during this decade. The housing inventory includes a mix of unit types, with 14 one-bedroom, 36 two-bedroom, 26 three-bedroom, and 11 four-bedroom units. This diverse range of unit sizes can accommodate various household compositions, from individuals to larger families.
Over the past decade, Logantown's population has remained relatively stable, fluctuating between 1,600 and 1,800 residents. The median income has shown a positive trend, increasing from $22,166 in 2013 to $27,727 in 2022. This rise in median income could potentially impact the demand for affordable housing in the future.
The racial composition of Logantown has remained predominantly white, consistently above 80% throughout the analyzed period. There has been a slight increase in diversity, with the percentage of residents identifying as two or more races rising from 3% in 2013 to 10% in 2022. The black population has decreased slightly from 8% to 6% during this time.
Logantown's LIHTC funded affordable housing inventory covers a significant portion of the estimated housing stock, aligning closely with recommended targets for a balanced community. The neighborhood has seen a steady commitment to affordable housing development over the past decade, with projects offering a diverse range of unit sizes to accommodate various household needs. While the population has remained relatively stable, the increasing median income and slight changes in racial composition may influence future affordable housing needs in the area.
