Loading Content...
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Sugarcreek, Pennsylvania, maintains a limited Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city contains 32 affordable housing units, all categorized as low-income units. As of 2022, the estimated population was 4,785, with approximately 1,833 housing units based on the national average household size.
LIHTC-funded affordable housing comprises about 1.75% of the estimated housing units in Sugarcreek. This percentage indicates that LIHTC-funded projects contribute to a small portion of the city's overall housing stock.
Sugarcreek has received $45,382 in project tax credits from the LIHTC program. With one project, this equates to an average federal funding of $45,382 per project. The average federal funding per unit is $1,418, considering the total of 32 units in LIHTC-funded projects.
The city holds 0.01% of the total state funding for LIHTC projects in Pennsylvania, indicating a relatively small share of the state's affordable housing resources.
The sole LIHTC-funded project in Sugarcreek is Franklin Commons, completed in 1994. This project has provided affordable housing in the city for nearly three decades.
Franklin Commons consists of 32 units, divided equally between 16 one-bedroom and 16 two-bedroom apartments. This distribution suggests a focus on accommodating small families and individuals in the affordable housing inventory.
Over the past decade, Sugarcreek has experienced a steady population decline, from 5,238 in 2014 to 4,785 in 2022. Despite this decline, the median income has fluctuated, increasing from $51,259 in 2014 to $52,167 in 2022.
The racial composition of Sugarcreek has remained relatively stable, with a predominantly white population (98% in 2022). There has been a slight decrease in racial diversity over the past decade, with minimal representation of other racial groups.
The absence of new LIHTC projects in the last decade may be attributed to the declining population and relatively stable median income. These factors could indicate a reduced demand for additional low-income housing in the area.
Sugarcreek's LIHTC-funded affordable housing inventory consists of a single project, Franklin Commons, which has provided 32 low-income units since 1994. While this project contributes to the city's affordable housing stock, it represents a small percentage of the overall estimated housing units. The city's demographic trends, including a declining population and stable median income, may have influenced the lack of new LIHTC projects in recent years. The existing affordable housing units continue to serve the needs of low-income residents in Sugarcreek.