Loading Content...
Affordable Housing in New Cumberland, Pennsylvania: A Small but Significant LIHTC Presence
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
New Cumberland, Pennsylvania, maintains a small Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city has 9 affordable units, all designated as low-income. Based on the 2022 population of 7,515 and using the national average household size, the estimated total housing units in the city is approximately 2,879. The LIHTC funded affordable housing comprises about 0.31% of the estimated housing inventory in New Cumberland.
New Cumberland has received $209,038 in project tax credits through the LIHTC program. With two approximate projects, this translates to an average of $104,519 in federal funding per project. When divided by the total number of units, it amounts to $23,226 per unit on average. The city holds 0.03% of the total state LIHTC funding, indicating a relatively small portion of Pennsylvania's affordable housing allocation.
The first LIHTC project in New Cumberland, School House Apts, was completed in 1988, while the most recent project, New Cumberland Senior Housing, was finished in 2011. This shows that affordable housing has been present in the city for at least 23 years. The 1980s and 2010s each saw the completion of one affordable housing project, indicating a steady but slow development of LIHTC funded housing over the decades.
The affordable housing inventory in New Cumberland consists primarily of two-bedroom units (7), with one one-bedroom unit and one three-bedroom unit. This distribution suggests a focus on accommodating small families or couples.
Over the last decade, New Cumberland has experienced a slight increase in population, growing from 7,289 in 2010 to 7,515 in 2022. The median income has fluctuated, with the most recent data showing $67,886 in 2022, down from a peak of $74,350 in 2021.
The racial composition of the city has become slightly more diverse over the past decade. While the white population remains the majority, it has decreased from 93% in 2015 to 85% in 2022. There has been a notable increase in the Hispanic population, rising from 2% in 2015 to 7% in 2022. The percentage of residents identifying as two or more races has also increased from 1% to 4% during this period.
These demographic shifts, particularly the increasing diversity and fluctuations in median income, may indicate a growing need for affordable housing options in the community.
New Cumberland has a small LIHTC funded affordable housing inventory, covering approximately 0.31% of the estimated housing stock. The city has received over $200,000 in tax credits for two projects, completed in 1988 and 2011. The housing units are predominantly two-bedroom apartments, suggesting a focus on small families or couples. The changing demographics of the city, including increased diversity and income fluctuations, may indicate a growing need for affordable housing options in the future.
