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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Baden, located in Pennsylvania, has a population of 3,891 as of 2022. The city's Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory consists of 23 total units, all of which are designated as low-income units. Based on the estimated housing inventory of 1,491 units, the LIHTC-funded affordable housing covers approximately 1.54% of the city's housing stock.
Baden has received $385,378 in project tax credits from the LIHTC program for affordable housing. With one approximate project, this translates to an average federal funding of $385,378 per project and $16,755 per unit. The city holds 0.06% of the total state funding for LIHTC projects in Pennsylvania.
The LIHTC-funded affordable housing project in Baden, "Sisters Of St Joseph," was completed in 2010. This project represents the beginning of LIHTC-funded affordable housing in the city, indicating over a decade of affordable housing presence. All 23 units in the LIHTC-funded project are one-bedroom units, suggesting a focus on housing for individuals or small households.
Over the past decade, Baden has experienced a slight decline in population, decreasing from 4,125 in 2013 to 3,891 in 2022. During this period, the median income has shown an upward trend, rising from $44,140 in 2013 to $57,575 in 2022. The racial composition of the city has remained predominantly white, with a slight increase in diversity. The Hispanic population has grown from 0% in 2013 to 5% in 2022, while the white population has decreased slightly from 93% to 91% during the same period.
The completion of the LIHTC project in 2010 predates the available demographic data, making it difficult to directly correlate the project with demographic changes. However, the steady increase in median income over the past decade might suggest a growing need for affordable housing options to support lower-income residents in an increasingly expensive housing market.
Baden's LIHTC-funded affordable housing inventory provides 23 one-bedroom units for low-income residents. The city received $385,378 in tax credits for this project, representing 0.06% of Pennsylvania's total LIHTC funding. Despite a slight population decline, the city has experienced an increase in median income and a small growth in diversity over the past decade. These demographic shifts may influence future affordable housing needs in Baden.