Over the past decade, Tower City has experienced some demographic shifts. The population has decreased slightly from 1,291 in 2013 to 1,329 in 2022. Despite this minor population decline, the median income has shown a positive trend, increasing from $47,196 in 2013 to $58,708 in 2022.

Racial demographics have remained relatively stable, with the white population consistently representing the vast majority (97-99%) of residents. The Hispanic population has fluctuated slightly, ranging from 1% to 7% over the past decade.

These demographic trends suggest a relatively stable community with a gradually improving economic situation. The lack of new LIHTC projects in recent years might be attributed to the declining population and rising median income, potentially indicating a reduced need for additional affordable housing units.

Tower City's LIHTC-funded affordable housing consists of a single project, Tower View, which has been serving the community since 1995. While the 25 low-income units represent a small portion of the city's estimated housing stock, they provide valuable affordable housing options for residents. The city's demographic trends, including a slight population decrease and rising median income, may explain the absence of new LIHTC projects in recent years. However, it is important to note that other affordable housing programs not covered in this analysis may also be contributing to meeting the community's needs.