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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
East Mountain, a neighborhood in Scranton, Pennsylvania, has one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project. This project, Dunmore Senior Housing, provides 6 low-income units to the community. As of 2022, the neighborhood's population was 7,548, with an estimated 2,892 housing units based on the national average household size. The LIHTC funded affordable housing covers approximately 0.21% of the estimated housing inventory in East Mountain.
The Dunmore Senior Housing project received $414,339 in LIHTC funding, which equates to an average of $69,056 per unit. This project was completed in 2002, marking the beginning of LIHTC-funded affordable housing in East Mountain. The project consists of 5 one-bedroom units and 1 two-bedroom unit, catering primarily to individuals or small households.
Over the past decade, East Mountain has experienced fluctuations in its population, with an overall growth trend. The population increased from 6,242 in 2015 to 7,548 in 2022, representing a 20.9% growth. Concurrently, the median income in the neighborhood has seen significant growth, rising from $65,151 in 2015 to $80,667 in 2022, a 23.8% increase.
The racial composition of East Mountain has remained predominantly white, although there has been a gradual decrease in the white population percentage from 95% in 2015 to 82% in 2022. During this period, there has been a slight increase in diversity, with small increases in Asian, Black, Hispanic, and multi-racial populations.
Despite the population growth and rising median income, there have been no new LIHTC projects in East Mountain since 2002. This could be due to the relatively high median income in the area, which may reduce the perceived need for additional low-income housing. However, it is important to note that other affordable housing programs not captured in this data may be addressing housing needs in the neighborhood.
East Mountain's LIHTC-funded affordable housing inventory consists of a single project with 6 units, completed in 2002. This represents a small fraction of the estimated housing stock in the neighborhood. Over the past decade, the area has experienced population growth and a significant increase in median income. While racial diversity has slightly increased, the neighborhood remains predominantly white. The lack of new LIHTC projects in recent years may be influenced by the area's rising income levels, but a comprehensive assessment of affordable housing needs would require consideration of additional factors and housing programs beyond LIHTC.