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McConnellsburg's LIHTC Affordable Housing: A Longstanding Presence in a Stable 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
McConnellsburg in Pennsylvania maintains a small Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city has one LIHTC project, providing 18 affordable housing units, of which 14 are designated as low-income units. This inventory represents approximately 4.4% of the city's estimated 405 housing units, indicating a limited but present contribution to affordable housing options in the community.
The city received $20,092 in project tax credits for its LIHTC-funded affordable housing. This amount equates to an average federal funding of $20,092 per project and about $1,116 per unit. These figures offer insight into the scale of LIHTC investment in McConnellsburg's affordable housing sector.
The sole LIHTC project in McConnellsburg, "Mcconnellsburg Housing," was completed in 1987. This project has been part of the city's housing landscape for over three decades. It consists entirely of one-bedroom units, suggesting a focus on accommodating individuals or small households.
Demographic analysis of McConnellsburg over the past decade reveals a relatively stable population, ranging between 994 and 1,106 residents. The median income has shown some variation, fluctuating from approximately $33,466 to $39,677. The city's racial composition has remained predominantly white, consistently exceeding 90% throughout the decade.
The absence of new LIHTC projects in recent years may be attributed to the stable population and relatively consistent median income levels. However, it is important to note that other affordable housing programs may be addressing additional needs not captured in this LIHTC data.
In conclusion, McConnellsburg's LIHTC-funded affordable housing inventory, though modest, has been a persistent element of the city's housing landscape. The single project completed in 1987 continues to provide affordable options for residents. While the LIHTC program's contribution to the overall housing stock is limited, it represents a significant resource for low-income individuals in the community. The city's stable demographics over the past decade may have influenced the lack of recent LIHTC developments, but ongoing assessment of affordable housing needs remains essential for community planning.
