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Glassport, Pennsylvania: LIHTC Funding and Affordable Housing in a Changing Industrial Community
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Glassport, located in Pennsylvania, has a population of 4,439 as of 2022. The city has one LIHTC-funded affordable housing project, providing a total of 55 units, of which 46 are designated as low-income units. Based on the estimated housing inventory of approximately 1,701 units, the LIHTC-funded affordable housing covers about 3.2% of the city's housing stock.
The LIHTC program has allocated $1,200,000 in tax credits to Glassport for affordable housing development. This represents 0.2% of Pennsylvania's total LIHTC funding. With one project in the city, the average federal funding per project is $1,200,000. The average federal funding per unit is approximately $21,818.
The sole LIHTC-funded project in Glassport is the Retirement Residence Glassport, completed in 2018. This project marks the beginning of LIHTC-funded affordable housing in the city, indicating a relatively recent focus on such development. The Retirement Residence Glassport offers a mix of unit types, including 2 efficiencies, 49 one-bedroom units, and 4 two-bedroom units. This distribution suggests a focus on accommodating smaller households and potentially senior residents.
Over the past decade, Glassport has experienced a slight decline in population, from 4,535 in 2010 to 4,439 in 2022. The median income has shown an overall upward trend, increasing from $39,570 in 2013 to $48,142 in 2022. This rise in median income might indicate a growing need for affordable housing options for lower-income residents.
The racial composition of Glassport has become slightly more diverse over the past decade. While the white population remains the majority at 86% in 2022, there has been a small increase in the Black population (from 1% in 2013 to 6% in 2022) and the Hispanic population (from 1% in 2013 to 5% in 2022). This gradual diversification may influence future affordable housing needs and considerations.
Glassport's LIHTC-funded affordable housing inventory, while modest, represents a recent effort to address affordable housing needs in the community. The single project, completed in 2018, provides 55 units, primarily consisting of one-bedroom apartments. This development coincides with a period of slight population decline but increasing median income in the city. As Glassport continues to evolve demographically, ongoing assessment of affordable housing needs will be crucial to ensure adequate support for low-income residents.
