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Affordable Housing in Waynesboro: LIHTC's Impact on a Changing Pennsylvania City
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Waynesboro, a borough in Pennsylvania, has a notable Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city's LIHTC program has produced 136 total units, with 91 designated as low-income units. This represents approximately 3.2% of the city's estimated 4,218 housing units.
Waynesboro has received $2,224,236 in project tax credits through the LIHTC program. With four projects, this averages to about $556,059 per project, or roughly $16,355 in federal funding per unit. Waynesboro's share of Pennsylvania's total LIHTC funding is 0.37%.
The city's LIHTC-funded affordable housing development spans two decades. The first project, New Visions Housing, was completed in 1996, and the most recent, Mount Vernon Terrace, in 2016. The period from 2005 to 2015 saw the most affordable housing projects completed, including Valley Townhouses (2005) and Wayne Gardens (2015).
The LIHTC-funded housing in Waynesboro offers a range of unit sizes. Of the 136 total units, 49 are one-bedroom, 63 are two-bedroom, and 24 are three-bedroom units, accommodating various household sizes.
Waynesboro's population has grown steadily over the last decade, increasing from 10,622 in 2013 to 11,009 in 2022. The median income has fluctuated, reaching a low of $39,422 in 2016 before rising to $49,647 in 2022. This economic variability may indicate a continued need for affordable housing options.
The city has remained predominantly white, though there has been a slight decrease from 91% in 2013 to 83% in 2022. The Hispanic population has shown the most growth, increasing from 2% to 7% during this period. This demographic shift may suggest a need for culturally diverse housing solutions.
Waynesboro's LIHTC-funded affordable housing inventory provides essential low-income units to the community. The city's share of state LIHTC funding and the consistent development of projects over two decades demonstrate an ongoing commitment to affordable housing. As the population continues to grow and diversify, and with economic fluctuations, the need for affordable housing options may persist or increase in the future.
