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Affordable Housing in Steelton: A Small-Scale LIHTC Implementation
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Steelton, located in Pennsylvania, maintains a small Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. As of 2022, the borough had a population of 6,243. The LIHTC program has funded 3 affordable housing units in Steelton, all of which are designated as low-income units. Based on the estimated housing inventory of 2,392 units, the LIHTC-funded affordable housing comprises approximately 0.13% of the borough's housing stock.
Steelton has received $4,502 in project tax credits through the LIHTC program. With one approximate project, this equates to an average federal funding of $4,502 per project and $1,501 per unit. The borough's LIHTC-funded affordable housing inventory consists of one 1-bedroom unit, one 3-bedroom unit, and one 4-bedroom unit.
The single LIHTC project in Steelton, "224-228 Locust St," was completed in 1988. This project marks the inception of LIHTC-funded affordable housing in the borough and has been providing low-income housing options for over three decades.
Over the past decade, Steelton's population has shown a slight increase, growing from 5,953 in 2013 to 6,243 in 2022. The median income has fluctuated, starting at $45,139 in 2013, reaching a peak of $54,984 in 2014, and settling at $50,733 in 2022. This overall increase in median income may indicate a reduced need for additional affordable housing units.
Regarding racial demographics, Steelton has experienced shifts. The Black population decreased from 44% in 2013 to 32% in 2022, while the Hispanic population increased from 11% to 23% during the same period. The White population has remained relatively stable, moving from 35% to 38%. These demographic changes could potentially influence future affordable housing needs and planning.
Steelton's LIHTC-funded affordable housing inventory, while small, has been a consistent part of the community since 1988. The single project provides a mix of unit sizes, accommodating different household compositions. While the LIHTC-funded units represent a small fraction of the estimated housing stock, other affordable housing programs may also be present in the borough. The slight population growth and fluctuating median income over the past decade, combined with shifting racial demographics, may influence future affordable housing needs in Steelton.
