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Affordable Housing in Red Lion: LIHTC Impact on a Small Pennsylvania Borough
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Red Lion, located in Pennsylvania, possesses a LIHTC funded affordable housing inventory consisting of 8 units, all designated as low-income. This inventory represents approximately 0.27% of the city's estimated 2,952 housing units. The LIHTC program has provided $150,461 in project tax credits to Red Lion, averaging $75,230.50 per project and $18,807.63 per unit in federal funding. The city's share of the total state LIHTC funding is 0.03%, indicating a relatively small portion of Pennsylvania's affordable housing resources.
The first LIHTC project in Red Lion, Charles Street Apts, was completed in 1999, while the most recent project, Opera House Apts Phase I, was finished in 2002. This indicates that affordable housing has been present in the city for over two decades. The 2000s witnessed the most significant affordable housing development activity in Red Lion. The current inventory includes a mix of 3 one-bedroom and 5 two-bedroom units.
Red Lion's population has shown a general upward trend, increasing from 7,304 in 2010 to 7,706 in 2022. The median income has also risen overall, from $57,809 in 2013 to $62,114 in 2022, with some fluctuations in between. The racial composition of the borough has gradually diversified over the past decade. The white population, while still the majority, has decreased from 95% in 2013 to 86% in 2022, with small increases in the Black, Asian, and multiracial populations.
Despite these demographic changes, no new LIHTC projects have been developed in Red Lion in the last decade. This lack of new development could be attributed to various factors, including changes in funding priorities, local housing market conditions, or the presence of other affordable housing initiatives not captured in the LIHTC data.
Red Lion's LIHTC funded affordable housing inventory, though small, has been an integral part of the community for over two decades. The city has received a modest amount of federal funding for these projects, which provide a mix of one- and two-bedroom units. While the population and median income have shown slight increases over the past decade, and the racial composition has become more diverse, there have been no new LIHTC projects during this period.
This analysis provides insight into the role of LIHTC funded housing in Red Lion. However, it is important to note that other affordable housing programs may also contribute to meeting the city's housing needs. The long-standing presence of LIHTC funded units, despite their small number, suggests a continuous effort to address affordable housing needs in the community, even as demographic changes occur.
