New Castle, a city in western Pennsylvania, has 78 total units of LIHTC funded affordable housing as of 2022, with 63 designated as low-income units. This represents approximately 0.91% of the city's estimated 8,547 housing units. The city has received $97,644 in project tax credits through the LIHTC program, averaging $48,822 per project and $1,252 per unit in federal funding. New Castle holds 0.02% of Pennsylvania's total LIHTC funding.

The two LIHTC funded projects in New Castle, Castleton Apts Complex and Hables Project, were both completed in 1991, indicating a three-decade presence of LIHTC affordable housing in the city. The housing stock consists of 1 efficiency unit, 68 one-bedroom units, 6 two-bedroom units, and 3 three-bedroom units, with a predominance of one-bedroom units suggesting a focus on housing for individuals or small families.

New Castle has experienced a population decline from 23,884 in 2013 to 22,308 in 2022. Despite this decrease, the median income has increased from $36,639 in 2013 to $41,646 in 2022. The racial composition has remained relatively stable, with a slight decrease in the white population from 82% in 2013 to 78% in 2022, and small increases in the Hispanic population (1% to 4%) and those identifying as two or more races (2% to 7%) during this period.