Loading Content...
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Pleasant Gap, Pennsylvania, has a population of 4,454 as of 2022. The city has one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project, providing 4 low-income units. Based on the estimated housing inventory of 1,707 units, the LIHTC funded affordable housing covers 0.23% of the city's housing stock.
The LIHTC program has allocated $458,984 in tax credits to Pleasant Gap for affordable housing development. This translates to an average federal funding of $458,984 per project and $114,746 per unit. Pleasant Gap holds 0.08% of the total state funding for LIHTC projects in Pennsylvania.
The only LIHTC funded project in Pleasant Gap is Pleasant Hills Apts, completed in 2002. This project marks the beginning of LIHTC funded affordable housing in the city and has been present for over two decades.
The Pleasant Hills Apts project consists of 4 units in total, all designated as low-income units. The unit distribution includes 2 two-bedroom units and 2 three-bedroom units, catering to various family sizes within the low-income population.
Over the past decade, Pleasant Gap has experienced steady population growth, increasing from 4,113 in 2013 to 4,454 in 2022. The median income has shown an overall upward trend, rising from $60,234 in 2013 to $68,489 in 2022, with some fluctuations in between.
Regarding racial demographics, Pleasant Gap has maintained a predominantly white population, consistently above 90% throughout the past decade. There has been a slight increase in diversity, with small increases in the Hispanic, Black, and Asian populations.
No new LIHTC projects have been developed in the last decade, despite population growth and income changes. This could be due to various factors, including limited funding allocation or changes in housing priorities.
Pleasant Gap has one LIHTC funded affordable housing project, Pleasant Hills Apts, completed in 2002, providing 4 low-income units. This represents a small portion of the city's estimated housing stock but has been a consistent source of affordable housing for two decades. The city has experienced population growth and income increases over the past decade, along with slight increases in racial diversity. These demographic changes have not led to the development of additional LIHTC funded projects in recent years.