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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Shoemakersville in Pennsylvania has a unique Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city has 18 total affordable units, all of which are designated as low-income units. Based on the estimated housing inventory of 547 units, the LIHTC funded affordable housing covers approximately 3.3% of the city's housing stock.
The city has received $96,823 in project tax credits from the LIHTC program for affordable housing. With one approximate project, this translates to an average federal funding of $96,823 per project and $5,379 per unit. Shoemakersville holds 0.02% of the total state LIHTC funding.
The sole LIHTC project in Shoemakersville, Franklin & Noble Manor, was completed in 1997. This project has been providing affordable housing in the city for over 25 years. All 18 units in the LIHTC funded project are one-bedroom units, indicating a focus on smaller household sizes or possibly senior housing, though no specific target population is mentioned for this project.
Over the last decade, Shoemakersville has experienced some demographic shifts. The population has remained relatively stable, with a slight decrease from 1,503 in 2013 to 1,427 in 2022. However, the median income has seen a significant increase, rising from $48,428 in 2013 to $67,411 in 2022, representing a 39% increase.
Racial demographics have remained predominantly white, with a slight decrease from 91% in 2013 to 89% in 2022. The Hispanic population has seen a minor decrease from 8% to 7% during this period. The Asian population has remained consistently low at around 1%.
Despite these demographic changes, no new LIHTC projects have been developed in the last decade. This could be due to various factors, including the significant increase in median income, which might have reduced the perceived need for additional affordable housing units.
Shoemakersville's LIHTC funded affordable housing inventory consists of a single project with 18 one-bedroom units, completed in 1997. While this represents a small portion of the city's estimated housing stock, it has been providing affordable housing options for over two decades. The city has experienced a notable increase in median income over the past decade, which may have influenced the lack of new LIHTC developments. Despite this, the stable population and slight changes in racial demographics suggest that ongoing monitoring of affordable housing needs may be beneficial to ensure the city continues to meet the housing requirements of its diverse population.