Loading Content...
Affordable Housing in St. Marys, Pennsylvania: LIHTC Funded Inventory Analysis
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
St. Marys in Pennsylvania possesses a LIHTC funded affordable housing inventory consisting of 65 units, all designated as low-income. This represents approximately 1.34% of the city's estimated 4,862 housing units. The city has received $294,531 in project tax credits through the LIHTC program, distributed across three projects. This equates to an average of $98,177 in federal funding per project, or $4,531 per unit. St. Marys holds 0.05% of Pennsylvania's total state LIHTC funding.
Affordable housing development in St. Marys spans from 1991 to 2007, with the completion of Townview Apts and Marien Stadt Place, respectively. The 1990s saw the most activity, with two out of three projects constructed during this decade. The LIHTC-funded housing in St. Marys includes 8 one-bedroom units and 12 two-bedroom units, with the remaining units unspecified, suggesting a focus on smaller households and families.
St. Marys has experienced a slight population decline over the last decade, from 13,019 in 2013 to 12,691 in 2022. Despite this, the median income has increased from $47,856 in 2013 to $55,721 in 2022. The city's racial composition has remained predominantly white, with a slight decrease from 98% in 2013 to 94% in 2022. There has been a small increase in diversity, with the percentage of residents identifying as two or more races rising from 0% to 3% during this period.
The lack of new LIHTC projects in the last decade could be attributed to the declining population and rising median income, potentially reducing the perceived need for additional low-income housing. However, the existing affordable housing continues to play a crucial role in providing options for lower-income residents in this small Pennsylvania city.
St. Marys has maintained a consistent, albeit limited, LIHTC-funded affordable housing inventory since the early 1990s. While the percentage of affordable housing units is relatively low compared to the estimated total housing stock, the city has received nearly $300,000 in tax credits to support these efforts. The demographic trends of a slightly declining population and increasing median income may have influenced the lack of new LIHTC projects in recent years. Nonetheless, the existing affordable housing remains an important component of the city's housing landscape.
