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Affordable Housing in Nazareth, Pennsylvania: A Decade of Stagnation Amid Demographic Changes
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Nazareth, located in Pennsylvania, has a LIHTC-funded affordable housing inventory of 37 units, all of which are designated as low-income units. Based on the 2022 population of 6,015 and an estimated 2,305 housing units, the LIHTC-funded affordable housing covers approximately 1.6% of the city's estimated housing inventory.
Nazareth has received $297,203 in LIHTC funding for affordable housing projects. With two approximate projects, this averages to $148,602 per project. The average federal funding per unit is $8,032. The city holds 0.05% of Pennsylvania's total LIHTC funding allocation.
The first LIHTC project in Nazareth, Belvidere Assoc, was completed in 1989, while the most recent project, Nazareth Senior Apts, was finished in 2002. This indicates that affordable housing has been present in the city for over three decades. The 1980s and 2000s each saw one affordable housing project completed.
All 37 LIHTC-funded units in Nazareth are one-bedroom units. This suggests a focus on housing for individuals or small households.
Over the past decade, Nazareth's population has shown a slight increase, growing from 5,744 in 2013 to 6,015 in 2022. The median income has fluctuated, rising from $62,356 in 2013 to $63,962 in 2022.
Racial demographics have undergone changes. The white population decreased from 91% in 2013 to 82% in 2022, while other racial groups saw modest increases. The Hispanic population grew from 1% to 6%, and those identifying as two or more races increased from 1% to 7%.
Despite these demographic shifts, no new LIHTC projects have been built in the last decade. This could be due to various factors, including limited available land, changes in local housing policies, or shifts in funding priorities.
Nazareth's LIHTC-funded affordable housing inventory consists of 37 one-bedroom units across two projects, covering 1.6% of the estimated housing inventory. The city has received nearly $300,000 in LIHTC funding, representing a small portion of Pennsylvania's total allocation. While the population has grown slightly and become more diverse over the past decade, no new LIHTC projects have been developed during this time. The existing affordable housing stock, developed between 1989 and 2002, continues to play a role in the city's housing landscape.
