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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Middletown, Pennsylvania, has contributed to affordable housing through the Low-Income Housing Tax Credit (LIHTC) program. As of 2022, the city had a population of 9,525 residents. The LIHTC program has funded one project in Middletown, providing 44 affordable housing units, all designated as low-income units. Based on an estimated housing inventory of 3,649 units, LIHTC-funded affordable housing represents about 1.2% of the city's housing stock.
Middletown received $336,978 in project tax credits for its LIHTC-funded affordable housing. This equates to an average federal funding of $336,978 per project and $7,659 per unit. The city holds 0.06% of the total state LIHTC funding, indicating a small but notable contribution to Pennsylvania's affordable housing efforts.
The sole LIHTC project in Middletown, Wilson Street Apts, was completed in 1992. This project has provided affordable housing options for residents for over three decades. The development consists of 3 one-bedroom units and 41 two-bedroom units, offering a mix of housing options for different household sizes.
Demographic trends over the last decade show that Middletown has experienced steady population growth, increasing from 8,979 residents in 2015 to 9,525 in 2022. The median income has fluctuated, with the most recent data showing $49,768 in 2022. This represents a slight decrease from the peak of $53,759 in 2019, potentially indicating an increasing need for affordable housing options.
Racial demographics in Middletown have remained relatively stable over the past decade. The white population has decreased slightly from 82% in 2015 to 73% in 2022, while there have been small increases in the Hispanic, Asian, and multiracial populations. The black population has remained steady at around 9%. These shifts in racial composition suggest a gradually diversifying community.
In summary, Middletown's LIHTC-funded affordable housing project, while modest in scale, has been a long-standing contributor to the city's housing landscape. The single project completed in 1992 continues to provide 44 low-income units, primarily consisting of two-bedroom apartments. While this represents a small percentage of the city's estimated housing stock, it has been a consistent source of affordable housing for three decades. The recent trends in population growth and income fluctuations suggest an ongoing need for affordable housing options in the community.