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Affordable Housing in Meyersdale: A Three-Decade Presence
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Meyersdale, Pennsylvania, maintains a small Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city has 38 affordable housing units, including 11 low-income units. Based on the 2022 population of 2,118 and an estimated 811 housing units, LIHTC-funded affordable housing comprises approximately 4.7% of the city's estimated housing inventory.
Meyersdale has received $64,298 in project tax credits through the LIHTC program. With two projects, this translates to an average of $32,149 in federal funding per project. The average federal funding per unit is about $1,692. The city holds 0.01% of Pennsylvania's total LIHTC funding, indicating a relatively small share of the state's affordable housing resources.
Affordable housing has been present in Meyersdale since at least 1987, with the completion of the Di & Di Apts project. The most recent project, Di & Di Senior Apts, was completed in 1992, spanning a five-year period of LIHTC-funded development in the city. The 1980s and 1990s were the most active decades for affordable housing development in Meyersdale, with one project completed in each decade.
The affordable housing inventory in Meyersdale consists of 3 efficiencies, 27 one-bedroom units, and 8 two-bedroom units. This distribution suggests a focus on smaller household sizes in the city's affordable housing stock.
Over the past decade, Meyersdale's population has decreased from 2,282 in 2010 to 2,118 in 2022. The median income has generally increased from $44,771 in 2013 to $47,940 in 2022. Regarding racial distribution, Meyersdale has remained predominantly white, with a slight decrease from 99% in 2013 to 96% in 2022. There has been a small increase in residents identifying as two or more races, from 1% in 2013 to 3% in 2022.
The lack of new LIHTC projects in the last decade may be related to the city's relatively stable population and gradual increase in median income, potentially indicating a reduced need for additional affordable housing units.
Meyersdale's LIHTC-funded affordable housing inventory provides housing options for a portion of its residents. The city's two LIHTC projects, completed in the late 1980s and early 1990s, offer a mix of unit sizes with a focus on one-bedroom apartments. While the affordable housing stock covers only a small percentage of the city's estimated housing inventory, other programs may contribute to the overall affordable housing landscape. The demographic trends over the past decade, including a slight population decrease and gradual income increase, may have influenced the lack of recent LIHTC development in the city.
