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Affordable Housing in Scottdale: LIHTC Program's Impact on a Former Coal and Coke 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
Scottdale, Pennsylvania, is a small community with a population of 4,398 as of 2022. The city has one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project, providing a total of 32 affordable units, all of which are designated as low-income units. Based on the estimated housing inventory of 1,685 units, the LIHTC funded affordable housing covers approximately 1.9% of the city's housing stock.
Scottdale has received $659,588 in project tax credits from the LIHTC program for affordable housing. This translates to an average federal funding of $20,612 per unit. The city holds 0.11% of the total state funding for LIHTC projects in Pennsylvania.
The sole LIHTC funded project in Scottdale is Scottdale Court, completed in 2013. This project marks the beginning of LIHTC funded affordable housing in the city. The project consists of 28 one-bedroom units and 4 two-bedroom units, catering primarily to individuals and small families.
Over the past decade, Scottdale has experienced some demographic shifts. The population has remained relatively stable, with a slight decrease from 4,358 in 2013 to 4,398 in 2022. Median income has shown an overall upward trend, rising from $46,062 in 2013 to $54,801 in 2022, indicating a gradual improvement in economic conditions.
Regarding racial distribution, Scottdale has maintained a predominantly white population, with a slight increase in diversity over the years. The percentage of white residents decreased slightly from 95% in 2013 to 93% in 2022, while there has been a small increase in residents identifying as two or more races, from 1% in 2013 to 5% in 2022.
The completion of the Scottdale Court project in 2013 coincides with the beginning of available demographic data, suggesting that the LIHTC project was implemented to address affordable housing needs identified at that time.
Scottdale's LIHTC funded affordable housing inventory consists of a single project, Scottdale Court, providing 32 low-income units. This project represents a small but significant portion of the city's estimated housing stock. The demographic trends over the past decade show a stable population with a gradually increasing median income and slight changes in racial diversity. The LIHTC project addresses some of the city's affordable housing needs.
