Loading Content...
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Musser Park neighborhood in Lancaster, Pennsylvania, contains 25 affordable housing units funded by the Low-Income Housing Tax Credit (LIHTC) program. These units constitute approximately 3.67% of the neighborhood's estimated 682 housing units, based on the 2022 population of 1,779.
The LIHTC program has allocated $116,431 in tax credits to the Musser Park neighborhood's affordable housing project, averaging $4,657 per unit. The East King Street Apts, completed in 1995, is the only LIHTC-funded project in the area. This development has provided affordable housing options for nearly three decades.
The East King Street Apts offers a range of unit types, including 18 one-bedroom units, 5 two-bedroom units, and 2 three-bedroom units. This distribution indicates a focus on accommodating smaller households.
Musser Park has experienced significant demographic changes over the past decade. The population decreased from 2,389 in 2015 to 1,779 in 2022, a 25.5% decline. Despite this decrease, the median income rose from $32,664 in 2015 to $52,277 in 2022, an increase of approximately 60%.
The racial composition of the neighborhood has also changed. The white population increased from 55% in 2015 to 59% in 2022. The Hispanic population decreased from 25% to 22%, while the Asian population grew from 1% to 6%. The Black population remained relatively stable, decreasing slightly from 14% to 12%.
These demographic shifts, particularly the rising median income and changing racial composition, may indicate evolving housing needs in the neighborhood. The absence of new LIHTC projects in recent years could be related to these demographic changes, potentially suggesting a reduced demand for additional low-income housing units.
Musser Park's affordable housing landscape is characterized by a single LIHTC-funded project, East King Street Apts, which has served the community since 1995. While this project provides 25 low-income units, it represents a small portion of the neighborhood's estimated housing inventory. The area has experienced significant demographic changes over the past decade, including population decline, substantial income growth, and shifts in racial composition. These factors may influence the current and future affordable housing needs of the Musser Park neighborhood.