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Affordable Housing in Waynesburg: LIHTC's Impact on a Declining Population
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Waynesburg, located in Pennsylvania, has a presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The city's LIHTC inventory comprises 86 total affordable units, all designated as low-income units. Based on the estimated housing inventory of 1,515 units, LIHTC-funded affordable housing represents approximately 5.7% of the city's housing stock.
Waynesburg has received $944,745 in project tax credits through the LIHTC program. With two projects, this translates to an average federal funding of $472,372 per project and $10,985 per unit. The city holds 0.16% of the total state LIHTC funding, indicating a small contribution to Pennsylvania's affordable housing efforts.
The first LIHTC project in Waynesburg, Waynesburg House Apts, was completed in 1995, while the most recent project, Gateway Senior Housing, was finished in 2016. This 21-year span demonstrates a long-term commitment to affordable housing in the city. The 2010s saw the most recent affordable housing development activity.
The LIHTC-funded housing inventory in Waynesburg consists primarily of one-bedroom and two-bedroom units. Specifically, there are 63 one-bedroom units and 23 two-bedroom units, catering to diverse household sizes and needs.
Over the past decade, Waynesburg has experienced a gradual decline in population, from 4,177 in 2010 to 3,954 in 2022. Despite this decrease, the median income has shown an overall upward trend, rising from $34,728 in 2013 to $44,359 in 2022. This increase in median income may indicate a changing economic landscape in the city.
The racial composition of Waynesburg has remained relatively stable, with a slight decrease in the white population from 97% in 2013 to 93% in 2022. There has been a small increase in racial diversity, with slight growth in Asian, Hispanic, and multi-racial populations.
The completion of Gateway Senior Housing in 2016 aligns with the city's demographic trends, potentially addressing the needs of an aging population or responding to changing housing demands in the face of population decline.
Waynesburg's LIHTC-funded affordable housing inventory represents a consistent effort to provide low-income housing options. The two projects, spanning over two decades, demonstrate a long-term commitment to affordable housing. The focus on one-bedroom and two-bedroom units suggests an alignment with smaller household sizes. While the percentage of LIHTC-funded units is relatively low compared to the estimated total housing stock, other affordable housing programs may also be contributing to the city's overall affordable housing inventory. The gradual increase in median income and slight diversification of the population over the past decade provide context for the city's evolving housing needs.
