Loading Content...
Caln's Affordable Housing: Long-standing LIHTC Projects Amid Demographic Changes
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Caln, a Pennsylvania locality, maintains a small Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city possesses 4 affordable units, all categorized as low-income. These units represent approximately 0.36% of the city's estimated 1,120 housing units.
Caln has received $28,176 in project tax credits for affordable housing through the LIHTC program. With 4 projects, this equates to an average federal funding of $7,044 per project and per unit. The affordable housing projects in Caln have existed for over three decades. All four projects - Quarry St Project, Quarry St Project 1, Quarry St Project 3, and Quarry St Project 5 - were completed in 1989.
All 4 units in the LIHTC funded projects are three-bedroom units, providing housing options suitable for larger households.
Caln has experienced demographic changes over the past decade. The population fluctuated, reaching 2,996 in 2015 and settling at 2,924 in 2022. Median income decreased from $81,255 in 2015 to $65,917 in 2022, potentially indicating an increasing need for affordable housing.
Racial demographics have also shifted. The white population decreased from 65% in 2015 to 56% in 2022, while the Black population increased from 26% to 30%. The Hispanic population increased from 3% to 11%. These changes may necessitate culturally sensitive approaches to affordable housing.
Caln's LIHTC funded affordable housing inventory has been a consistent part of the community since 1989. The city's changing demographics, particularly the declining median income and increasing diversity, suggest a potential growing need for affordable housing options. The current LIHTC funded units provide valuable three-bedroom options for residents. The long-standing presence of these projects demonstrates the city's ongoing commitment to affordable housing, even as demographic shifts present new challenges in meeting the community's housing needs.
