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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Macungie, located in Pennsylvania, has a population of 3,249 as of 2022. The city's Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory consists of 36 total units, all of which are designated as low-income units. Based on the estimated housing inventory of 1,245 units, the LIHTC-funded affordable housing covers approximately 2.9% of the city's housing stock.
Macungie has received $235,228 in project tax credits through the LIHTC program. With two approximate projects, this translates to an average federal funding of $117,614 per project and $6,534 per unit. The city holds 0.04% of the total state LIHTC funding, indicating a relatively small share of Pennsylvania's affordable housing resources.
The first LIHTC project in Macungie, Locust St Apts, was completed in 2001, followed by Cedar Street Apts in 2003. This indicates that affordable housing has been present in the city for over two decades. The early 2000s saw the most affordable housing development activity in Macungie.
All 36 LIHTC-funded units in the city are one-bedroom apartments, suggesting a focus on smaller household sizes or individual residents. Neither of the two projects had a specified target population, indicating they may serve a general low-income demographic.
Over the past decade, Macungie has experienced steady population growth, increasing from 3,092 in 2013 to 3,249 in 2022. The median income has fluctuated but generally remained stable, ranging from $70,001 to $77,217 during this period.
Racial demographics have shown some shifts, with the white population decreasing from 84% in 2013 to 67% in 2022. Conversely, the Hispanic population has increased from 12% to 23% during the same period. The Asian and Black populations have also seen slight increases.
Despite these demographic changes, no new LIHTC projects have been developed in the last decade. This could be due to various factors, including limited funding availability, changes in housing priorities, or the perception that existing affordable housing stock is sufficient for the current population needs.
Macungie's LIHTC-funded affordable housing inventory, while modest in size, has been a consistent presence in the community for over 20 years. The 36 one-bedroom units represent about 2.9% of the estimated housing stock. While demographic trends show population growth and increasing diversity, there has been no recent expansion of LIHTC-funded housing. The city's share of state LIHTC funding is relatively small at 0.04%, suggesting potential opportunities for future affordable housing development to address evolving community needs.