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Affordable Housing in Wind Gap: Two Decades of LIHTC Impact
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Wind Gap, located in Pennsylvania, maintains a modest Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city has 28 affordable housing units, all of which are designated as low-income units. These LIHTC-funded units represent approximately 2.4% of the city's estimated housing stock of 1,166 units.
Wind Gap has received $304,702 in project tax credits from the LIHTC program for affordable housing. With two projects, this averages to $152,351 per project. The average federal funding per unit is $10,882. The city holds 0.05% of the total state LIHTC funding.
The first LIHTC project in Wind Gap, Wind Gap Elderly Apts, was completed in 1997, while the most recent project, Wind Gap Manor, was finished in 1999. This indicates that affordable housing has been present in the city for over two decades. The 1990s saw the most affordable housing development activity in Wind Gap.
All 28 LIHTC-funded units in the city are one-bedroom apartments. Wind Gap Manor is the larger of the two projects, with 26 units, while Wind Gap Elderly Apts consists of 2 units.
Over the last decade, Wind Gap has experienced population growth, increasing from 2,724 residents in 2014 to 3,042 in 2022. The median income has fluctuated, rising from $51,657 in 2014 to $51,932 in 2022, with some higher peaks in between. The racial composition of the city has remained predominantly white, though there has been a slight increase in diversity. The percentage of white residents decreased from 94% in 2014 to 90% in 2022, with small increases in Asian, Black, and multiracial populations.
Despite these demographic changes, no new LIHTC projects have been developed in Wind Gap since 1999. This could be due to various factors, including changes in local housing policies, availability of alternative affordable housing programs, or shifts in housing priorities.
Wind Gap's LIHTC-funded affordable housing inventory consists of 28 one-bedroom units across two projects, developed in the late 1990s. While this represents a small portion of the city's estimated housing stock, it has provided consistent low-income housing options for over two decades. The city has experienced modest population growth and income fluctuations in recent years, along with a slight increase in racial diversity. However, these demographic changes have not led to new LIHTC developments in the past decade, suggesting that other factors may be influencing affordable housing development in the area.
