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Affordable Housing in Plymouth: LIHTC's Impact on a Changing Community
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Plymouth, Pennsylvania, exhibits a distinct affordable housing landscape influenced by the Low-Income Housing Tax Credit (LIHTC) program. The city's LIHTC-funded affordable housing inventory comprises 19 units, all designated as low-income. This represents approximately 0.86% of the city's estimated 2,211 housing units.
Plymouth has received $222,751 in project tax credits through the LIHTC program. With one project, this equates to an average federal funding of $222,751 per project and $11,724 per unit. The city accounts for 0.04% of the total state funding for LIHTC projects in Pennsylvania.
The sole LIHTC-funded project in Plymouth, St Vincent Apts, was completed in 2006. This project initiated LIHTC-funded affordable housing in the city, maintaining a presence for over 15 years. St Vincent Apts offers a variety of unit types, including 6 one-bedroom units, 6 two-bedroom units, and 7 three-bedroom units, accommodating various household sizes within the low-income community.
Plymouth has experienced demographic changes over the past decade. The population decreased from 5,986 in 2010 to 5,771 in 2022. The median income increased overall, rising from $34,631 in 2013 to $41,506 in 2022, despite fluctuations.
The racial composition of Plymouth has diversified. The white population decreased from 92% in 2013 to 75% in 2022. The Black population increased from 1% to 8%, and the Hispanic population grew from 2% to 12% during the same period. The proportion of residents identifying as two or more races also increased slightly. These demographic shifts may indicate changing housing needs in the community.
Plymouth's LIHTC-funded affordable housing inventory, while small, contributes to addressing community housing needs. The St Vincent Apts project provides 19 low-income units with diverse bedroom configurations. Despite demographic changes over the past decade, including increased racial diversity and fluctuating median incomes, no new LIHTC projects have been developed since 2006. The city's 0.04% share of state LIHTC funding suggests potential opportunities for future affordable housing development to meet evolving community needs.
