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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Northwest Harborcreek, Pennsylvania, has a population of 9,054 as of 2022. The city's Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory comprises 23 total units, with 5 designated as low-income units. Based on the estimated housing inventory of 3,469 units, LIHTC funded affordable housing represents approximately 0.66% of the city's housing stock.
Northwest Harborcreek has received $613,738 in project tax credits from the LIHTC program. With one project, this translates to an average federal funding of $613,738 per project. The average federal funding per unit is $26,684. This city holds 0.1% of the total state funding for LIHTC projects in Pennsylvania.
The sole LIHTC project in Northwest Harborcreek is Arneman Place, completed in 2013. This project marks the inception of LIHTC-funded affordable housing in the city. The project consists of 23 total units, including 3 two-bedroom units, 16 three-bedroom units, and 4 four-bedroom units.
Over the past decade, Northwest Harborcreek's population has remained relatively stable, fluctuating between 9,000 and 9,400 residents. The median income has shown a general upward trend, increasing from $63,144 in 2013 to $68,442 in 2022.
Regarding racial demographics, the city has maintained a predominantly white population, consistently above 90% throughout the decade. However, there has been a slight increase in diversity, with the Asian population growing from 1% in 2013 to 4% in 2022, and a small increase in the Hispanic population to 2% by 2022.
The completion of Arneman Place in 2013 coincides with the beginning of available demographic data, suggesting that the project may have been a response to identified housing needs at that time.
Northwest Harborcreek's LIHTC-funded affordable housing inventory provides 23 units of affordable housing to the community. The single project, Arneman Place, completed in 2013, represents the city's participation in the LIHTC program. The affordable housing stock covers a small percentage of the city's estimated housing inventory. The city's stable population and increasing median income over the past decade, along with its gradually diversifying racial composition, provide context for understanding the affordable housing landscape in Northwest Harborcreek.