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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Northumberland, Pennsylvania, has a population of 3,892 as of 2022. The city's Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory comprises 24 total units, all designated as low-income units. Based on the estimated housing inventory of 1,491 units, LIHTC funded affordable housing represents approximately 1.61% of the city's housing stock.
Northumberland has received $3,590,825 in project tax credits through the LIHTC program. With one project, this translates to an average federal funding of $3,590,825 per project. The average federal funding per unit is $149,618. This city holds 0.6% of the total state funding for LIHTC projects in Pennsylvania.
The LIHTC funded affordable housing in Northumberland is represented by a single project, Cannery Point, completed in 2010. This project marks the beginning of LIHTC-funded affordable housing in the city. The Cannery Point project consists of 24 units, all of which are low-income units. The unit distribution includes 18 three-bedroom units and 6 four-bedroom units, focusing on accommodating larger families.
Over the past decade, Northumberland has experienced demographic shifts. The population has remained relatively stable, with a slight increase from 3,709 in 2019 to 3,892 in 2022. The median income has shown an upward trend, rising from $57,045 in 2019 to $64,082 in 2022, indicating a potential improvement in the overall economic situation of the residents.
Regarding racial distribution, the city has maintained a predominantly white population, though there has been a slight increase in diversity. The percentage of white residents decreased from 93% in 2018 to 92% in 2022, while the Hispanic population fluctuated between 3% and 6% during this period. The black population has remained relatively stable at around 1-3%.
Northumberland's LIHTC funded affordable housing inventory provides 24 low-income units through the Cannery Point project completed in 2010. This project represents 1.61% of the estimated housing stock in the city. The focus on three- and four-bedroom units suggests an emphasis on accommodating larger families. The city has experienced slight increases in population and median income over the past decade, while the racial composition has remained predominantly white with minor increases in diversity. These demographic trends provide context for understanding the affordable housing needs in Northumberland.