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Affordable Housing in Nanty-Glo: LIHTC's Impact on a Former Coal Mining Town
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Nanty-Glo, located in Pennsylvania, has a population of 2,434 as of 2022. The city has one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project, providing a total of 36 affordable units, all of which are designated as low-income units. Based on the estimated housing inventory of 933 units, the LIHTC funded affordable housing covers approximately 3.86% of the city's housing stock.
Nanty-Glo has received $70,578 in project tax credits from the LIHTC program. This translates to an average federal funding of $1,960.50 per unit in the LIHTC funded project. The city holds 0.01% of the total state funding for LIHTC projects in Pennsylvania.
The sole LIHTC funded project in Nanty-Glo is the Nanty Glo House, completed in 1991. This project has been providing affordable housing in the city for over three decades. The project consists of 36 units, including 3 one-bedroom units and 6 two-bedroom units. The remaining 27 units are not specified in the available data.
Over the last decade, Nanty-Glo has experienced a decline in population, from 2,709 in 2013 to 2,434 in 2022. The median income has fluctuated, reaching a peak of $44,155 in 2018 before declining to $36,266 in 2022. The racial composition of the city has remained predominantly white, with a slight increase in diversity in recent years. The percentage of white residents decreased from 99% in 2013 to 97% in 2022, with small increases in Black and multiracial populations.
Despite these demographic changes, no new LIHTC projects have been built in Nanty-Glo since 1991. This could be due to various factors, including the overall population decline and potential changes in housing needs or priorities within the community.
Nanty-Glo's LIHTC funded affordable housing inventory consists of a single project, the Nanty Glo House, which has been providing 36 low-income units since 1991. While this project contributes to the city's affordable housing stock, it represents a relatively small portion (3.86%) of the estimated total housing inventory. The city has experienced population decline and fluctuating median income over the past decade, which may have influenced the lack of new LIHTC projects during this period. The racial composition of Nanty-Glo has remained predominantly white, with a slight increase in diversity in recent years.
