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Affordable Housing in Salisbury, Maryland: Two Decades of LIHTC Implementation
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Salisbury, Maryland, the largest city in the state's Eastern Shore region, has a significant presence of affordable housing funded through the Low-Income Housing Tax Credit (LIHTC) program. The LIHTC program has contributed 1,171 total units to Salisbury's affordable housing inventory, with 1,170 designated as low-income units. This represents approximately 5% of the city's estimated housing stock of 23,374 units.
Salisbury has received $2,409,927 in project tax credits through the LIHTC program. With approximately 19 projects, this translates to an average of $126,838 per project. The average federal funding per unit is $2,058. Salisbury holds 1.67% of Maryland's total state LIHTC funding, indicating a substantial commitment to affordable housing in the city.
The city's involvement with LIHTC-funded affordable housing began in 1995 with the completion of Eastgate Village. The most recent projects, Schumaker Place and Homes on Johnsons Pond, were completed in 2018, demonstrating over two decades of affordable housing development in Salisbury.
The 2000s saw the most significant affordable housing development activity in Salisbury. Notable projects from this period include Gateway Village Phase II (1999), Cottages at River House I (2003), and Pemberton Manor Apts (2004). The decade witnessed a steady stream of affordable housing completions, indicating a consistent focus on addressing housing needs.
Salisbury's LIHTC-funded housing stock offers a diverse range of unit types. The inventory includes 211 one-bedroom units, 415 two-bedroom units, and 127 three-bedroom units, catering to various household sizes and needs.
Analyzing demographic trends over the last decade, Salisbury's population has shown modest growth, increasing from 60,193 in 2015 to 61,006 in 2022. The median income has fluctuated, rising from $55,544 in 2015 to $56,476 in 2022. This moderate income growth may indicate an ongoing need for affordable housing options.
Racial demographics in Salisbury have shifted slightly over the past decade. The white population decreased from 55% in 2015 to 50% in 2022, while the Black population increased from 32% to 35%. The Hispanic population remained stable at around 6%. These changes in racial composition might influence the diverse housing needs of the community.
In summary, Salisbury's LIHTC-funded affordable housing inventory represents a significant portion of the city's housing stock. The consistent development of affordable housing projects over more than two decades demonstrates a long-term commitment to addressing housing needs. The city's changing demographics and moderate income growth suggest an ongoing need for affordable housing options to serve Salisbury's diverse population.
