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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Tionesta, Pennsylvania, a small community in the Allegheny National Forest, has one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project. This project contributes significantly to the city's housing inventory.
The LIHTC program has funded 36 affordable housing units in Tionesta, all of which are low-income units. These units represent approximately 5.1% of the city's estimated 701 housing units, indicating that LIHTC-funded affordable housing plays a notable role in addressing local housing needs.
Tionesta received $65,969 in project tax credits for its LIHTC-funded affordable housing. This amount translates to an average federal funding of $65,969 per project and approximately $1,832 per unit. The city holds 0.01% of the total state LIHTC funding, representing a small but significant contribution to Pennsylvania's affordable housing efforts.
The sole LIHTC-funded project in Tionesta is Tionesta Manor, completed in 1991. This project has provided affordable housing options for over three decades, demonstrating a long-term commitment to addressing low-income housing needs in the community.
Tionesta Manor consists of 36 one-bedroom apartments, suggesting a focus on housing for individuals or small households. The project does not have a specified target population, indicating it may serve a diverse range of low-income residents.
Demographic trends over the past decade reveal fluctuations in Tionesta's population. The population decreased from 1,975 in 2010 to 1,112 in 2017, before increasing to 1,830 in 2022. The median income has shown an overall upward trend, rising from $35,923 in 2013 to $46,775 in 2022, indicating improving economic conditions for residents.
Racial demographics in Tionesta have remained relatively stable, with the white population consistently representing the majority. Recent years have seen a slight increase in diversity, with small increases in Hispanic, Black, and multi-racial populations.
In conclusion, Tionesta Manor, the LIHTC-funded affordable housing project in Tionesta, has been a consistent part of the community's housing landscape for over 30 years. While it represents a modest portion of the city's overall housing stock, it provides valuable one-bedroom units for low-income residents. The city's demographic trends, including population fluctuations and increasing median income, suggest an evolving community context in which affordable housing continues to play an important role.