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Affordable Housing in Lower Allen: LIHTC's Impact on a Pennsylvania Community
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Lower Allen, Pennsylvania, has a population of 7,428 as of 2022. The city's Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory comprises 19 total units, all designated as low-income units. Based on the estimated housing inventory of 2,846 units, LIHTC-funded affordable housing represents approximately 0.67% of the city's housing stock.
Lower Allen has received $480,977 in project tax credits through the LIHTC program. With one approximate project, this translates to an average federal funding of $480,977 per project and $25,315 per unit. The city holds 0.08% of the total state funding for LIHTC projects in Pennsylvania.
The LIHTC-funded affordable housing project in Lower Allen is called "The Crossroads," completed in 2013. This project marks the beginning of LIHTC-funded affordable housing in the city. Regarding unit types, the project consists of 14 two-bedroom units and 5 three-bedroom units, providing a mix of housing options for families of different sizes.
Over the past decade, Lower Allen has experienced fluctuations in its population, with a general upward trend from 6,839 in 2019 to 7,428 in 2022. The median income has also increased from $86,809 in 2019 to $93,148 in 2022, indicating overall economic growth in the area.
In terms of racial demographics, the city has seen a gradual increase in diversity. The percentage of white residents has decreased from 87% in 2019 to 81% in 2022, while the Hispanic population has grown from 3% to 8% during the same period. The percentage of residents identifying as two or more races has also increased from 3% to 5%.
Lower Allen's LIHTC-funded affordable housing inventory provides 19 low-income units to the community. The single project, "The Crossroads," completed in 2013, represents the city's participation in the LIHTC program. Despite the relatively small percentage of LIHTC-funded units compared to the estimated housing stock, other affordable housing programs may also be contributing to the city's overall affordable housing inventory. The demographic trends over the past decade show a growing and diversifying population, along with increasing median incomes, which may influence future affordable housing needs in the area.
