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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Bradford, Pennsylvania, possesses a distinct LIHTC-funded affordable housing inventory. The city has 32 affordable units, all categorized as low-income units. These units represent approximately 1.05% of the city's estimated housing stock of 3,059 units.
The LIHTC program has allocated $51,429 in project tax credits to Bradford. With one project, this equates to an average federal funding of $51,429 per project and $1,607 per unit. Bradford's allocation constitutes 1% of the total state funding for LIHTC projects in Pennsylvania.
The Rose Terrace project, completed in 1987, exemplifies Bradford's participation in the LIHTC program. This project has provided affordable housing in Bradford for over three decades. The 1980s marked the peak of affordable housing activity in the city.
Bradford's LIHTC-funded housing inventory comprises 32 units, including 22 one-bedroom units and 1 two-bedroom unit. This distribution indicates a concentration on housing for individuals or small families.
Bradford has experienced a steady population decline over the past decade, decreasing from 8,738 in 2015 to 7,984 in 2022. Despite this reduction, the median income has shown an overall upward trend, increasing from $33,780 in 2015 to $36,342 in 2022. The city's racial composition has remained relatively constant, with a predominantly white population (93% in 2022) and minor increases in diversity, particularly in the Hispanic and two or more races categories.
Bradford's LIHTC-funded affordable housing inventory, though modest in scale, has been a consistent component of the community since the late 1980s. The single project, Rose Terrace, provides 32 low-income units, primarily consisting of one-bedroom apartments. Despite a declining population, the city has experienced an increase in median income over the past decade. The LIHTC program's contribution, while small in terms of overall housing stock, serves a role in addressing affordable housing needs in Bradford.