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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Shamokin, Pennsylvania, has a population of 6,915 as of 2022. The city has one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project, providing 34 affordable units, including 14 low-income units. This LIHTC-funded housing represents approximately 1.28% of the city's estimated 2,649 housing units.
The LIHTC program has allocated $24,949 in tax credits for affordable housing in Shamokin. This amounts to $24,949 per project and about $734 per unit. The sole LIHTC-funded project, Center City Apartments, was completed in 1989, offering over three decades of affordable housing in the city.
Center City Apartments consists of 26 one-bedroom units and 8 two-bedroom units, accommodating various low-income household sizes. This unit distribution suggests a focus on smaller households, potentially including senior citizens or young professionals.
Shamokin has experienced a gradual population decline, decreasing from 7,310 in 2015 to 6,915 in 2022. Despite this decline, the median income has increased from $28,527 in 2015 to $35,149 in 2022, indicating changing economic conditions in the city.
The racial composition of Shamokin has evolved over the last decade. The white population has decreased from 97% in 2015 to 80% in 2022. Concurrently, diversity has increased, with the Hispanic population growing from 2% to 11% and the population identifying as two or more races increasing from 0% to 7% during the same period.
These demographic shifts, including rising median income and increasing diversity, may influence the demand for affordable housing in the city. However, no new LIHTC projects have been developed in recent years, which could suggest that other housing programs or economic factors are addressing the city's affordable housing needs.
Shamokin's LIHTC-funded affordable housing inventory consists of one project, Center City Apartments, providing affordable units since 1989. While LIHTC-funded units represent a small percentage of the city's estimated housing stock, other affordable housing programs may supplement this inventory. The city has experienced demographic changes over the past decade, including a slight population decline, increasing median income, and growing diversity. These factors may influence future affordable housing needs and development in Shamokin.