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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Sanatoga, a Pennsylvania community, has a population of 8,868 as of 2022. The city's Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory comprises 232 total units, with 231 designated as low-income units. This represents approximately 6.8% of the city's estimated housing stock of 3,398 units.
Sanatoga has received $401,765 in project tax credits through the LIHTC program. With one project, this translates to an average federal funding of $401,765 per project and $1,732 per unit. Sanatoga accounts for 0.07% of the total state LIHTC funding.
The city's LIHTC funded affordable housing history began in 1989 with the completion of the Rolling Hills project. This development, providing 232 total units including 231 low-income units, is the sole LIHTC project in Sanatoga. The 1980s marked the decade with the most affordable housing projects completed in the city.
The Rolling Hills project includes a diverse mix of unit sizes: 28 one-bedroom units, 1 two-bedroom unit, 76 three-bedroom units, and 28 four-bedroom units. This distribution suggests an effort to accommodate various household sizes and needs within the affordable housing development.
Over the past decade, Sanatoga's population has shown slight fluctuations, with a general trend of modest growth from 8,612 in 2013 to 8,868 in 2022. The median income has also fluctuated, starting at $79,074 in 2013, decreasing to $73,901 in 2017, and rising to $79,235 in 2022.
Racial demographics have shifted during this period. The white population decreased from 81% in 2013 to 74% in 2022, while the Black population increased from 10% to 13%. The Hispanic population grew from 4% to 7%, and the Asian population rose from 1% to 3%.
These demographic changes, particularly the slight increase in minority populations and the fluctuations in median income, may indicate an evolving need for affordable housing options in Sanatoga. However, no new LIHTC projects have been developed in the last decade, suggesting that other factors or housing programs may be addressing the city's affordable housing needs.
Sanatoga's LIHTC funded affordable housing inventory, while modest in size, provides a significant number of low-income units through the Rolling Hills project. The city's demographic trends over the past decade show slight increases in population diversity and fluctuations in median income, which could influence future affordable housing needs. While the LIHTC program has played a role in Sanatoga's housing landscape, the lack of recent projects under this program suggests that the city may be utilizing other strategies or resources to address its evolving affordable housing requirements.