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Affordable Housing in Pinebrook: LIHTC Projects and Veteran-Focused Development
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Pinebrook, a neighborhood in Scranton, Pennsylvania, has a limited Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The area contains 33 total units in LIHTC-funded projects, with 6 of these designated as low-income units. Based on the 2022 population of 3,460 and using the national average household size, the estimated number of housing units in the neighborhood is approximately 1,326. The LIHTC-funded affordable housing represents about 2.5% of the estimated housing inventory in Pinebrook.
The LIHTC projects in Pinebrook have received $839,700 in project tax credits, with an average of approximately $25,445 per unit in federal funding. Affordable housing has been present in the neighborhood since 1998, with the most recent project completed in 2014, spanning a 16-year period.
The 1990s saw the completion of Florence Apts, while the 2010s brought St Francis Of Assisi Commons. These projects represent different eras of affordable housing development in Pinebrook. The affordable housing inventory consists of 3 efficiencies, 5 one-bedroom units, 22 two-bedroom units, and 3 three-bedroom units. This distribution indicates a focus on accommodating small to medium-sized households.
St Francis Of Assisi Commons, completed in 2014, targets veterans. This project addresses the specific housing needs of former service members, potentially offering supportive services tailored to this population.
Over the past decade, Pinebrook's population has fluctuated, reaching a peak of 4,005 residents in 2015 before declining to 3,460 in 2022. The median income has shown variability, increasing from $26,988 in 2019 to $34,850 in 2021, then decreasing to $29,025 in 2022.
Racial demographics have remained relatively stable, with the white population consistently representing the majority (65% in 2022). There has been a slight increase in Hispanic representation, from 10% in 2013 to 15% in 2022, while the Asian population has remained around 10-12% in recent years.
The absence of new LIHTC projects since 2014 may be attributed to various factors, including potential changes in funding priorities or shifts in local housing needs. The fluctuating median income and relatively stable demographic composition suggest a consistent demand for affordable housing, though other factors may influence development decisions.
Pinebrook's LIHTC-funded affordable housing inventory provides a mix of unit types to serve diverse household sizes. The neighborhood has experienced two distinct periods of affordable housing development, with projects targeting both general and specific populations such as veterans. While demographic trends show some income volatility and slight shifts in racial composition, the overall stability in population and racial distribution indicates a consistent community fabric. The analysis reveals a disparity between the current LIHTC inventory and the estimated housing needs, suggesting potential opportunities for future affordable housing initiatives in Pinebrook.
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