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Affordable Housing in Warren, Pennsylvania: A 15-Year LIHTC Journey
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Warren, Pennsylvania, has a distinct Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city possesses 42 total units in LIHTC funded projects, with 25 designated as low-income units. Based on the 2022 population of 9,353 and an estimated 3,584 housing units, LIHTC funded affordable housing comprises approximately 1.17% of the city's estimated housing inventory.
Warren has received $203,687 in project tax credits through the LIHTC program. With approximately 2 projects, this averages to $101,844 per project. The average federal funding per unit is $4,850. The city holds 0.03% of the total state LIHTC funding.
The initial LIHTC project in Warren, Buchanan Court, was completed in 1990, while the most recent project, Allegheny Pointe, was finished in 2005. This indicates a 15-year span of LIHTC-funded affordable housing development in the city. The 2000s saw the most affordable housing activity, with Allegheny Pointe being the notable project from this decade.
The LIHTC-funded projects in Warren primarily consist of one-bedroom and two-bedroom units. There are 8 one-bedroom units and 16 two-bedroom units across the projects. This distribution suggests a focus on housing for small families or individuals.
Over the last decade, Warren has experienced a slight population decline, from 9,617 in 2013 to 9,353 in 2022. The median income has shown an overall increasing trend, rising from $42,114 in 2013 to $48,940 in 2022. The racial composition of the city has remained predominantly white, with a slight increase in diversity. The Black population has grown from 1% to 2%, and the Hispanic population has increased to 1% by 2022.
The absence of new LIHTC projects in the last decade could be related to the slight population decline and increasing median income, potentially indicating a reduced need for additional affordable housing units during this period.
Warren's LIHTC-funded affordable housing inventory, while modest, has provided 42 units to the community over a 15-year period. The city's demographic trends, including a slight population decline and increasing median income, may have influenced the lack of new LIHTC projects in recent years. The existing inventory focuses on one-bedroom and two-bedroom units, catering to smaller households. While the LIHTC program has contributed to affordable housing in Warren, it represents a small portion of the overall estimated housing stock.
