Affordable housing development in Somerset spans over two decades. The first LIHTC project, Village At Brierwood, was completed in 1999, while the most recent project, Highland Hill, was finished in 2016. This 17-year period demonstrates a consistent commitment to affordable housing development. The 2010s were the most active decade for affordable housing construction, with two projects completed: Village At Somerset in 2010 and Highland Hill in 2016.

The LIHTC-funded projects in Somerset offer diverse unit types. The inventory includes 22 one-bedroom units, 19 two-bedroom units, 36 three-bedroom units, and 9 four-bedroom units. This distribution indicates a focus on accommodating families of various sizes within the affordable housing sector.

Demographic trends over the past decade show that Somerset has experienced a slight population decline, from 6,227 in 2013 to 6,030 in 2022. The median income has fluctuated, with the most recent data showing $46,027 in 2022, an increase from $39,057 in 2019. The racial composition of the city has remained predominantly white, with a small increase in diversity. The Hispanic population grew from 1% in 2013 to 2% in 2022.

These demographic shifts, particularly the population decline and fluctuating median income, may have influenced the need for affordable housing in Somerset. The completion of Highland Hill in 2016 could be interpreted as a response to these changing dynamics, providing additional affordable housing options for the community.

In conclusion, Somerset has utilized the LIHTC program to develop an affordable housing inventory that comprises nearly 5% of its estimated housing stock. The city has maintained consistent investment in affordable housing over nearly two decades, with a focus on diverse unit types to accommodate various household sizes. Despite a slight population decline, the continued development of affordable housing suggests an ongoing commitment to meeting the needs of low-income residents in this small Pennsylvania community.