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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Pittston, Pennsylvania, has a population of 7,601 as of 2022. The city's Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory comprises 63 total units, all designated as low-income units. This represents approximately 2.16% of the city's estimated housing inventory of 2,912 units.
Pittston has received $1,161,768 in project tax credits through the LIHTC program. With two projects, this translates to an average of $580,884 in federal funding per project, or $18,441 per unit. The city holds 0.19% of the total state LIHTC funding, indicating a relatively small share of Pennsylvania's affordable housing allocations.
The LIHTC-funded affordable housing in Pittston spans from 2006 to 2020, representing a 14-year presence of this program in the community. The first project, Lincoln Heights, was completed in 2006, while the most recent project, Steeple View, was finished in 2020. The 2020s saw the most recent affordable housing development activity.
The affordable housing inventory in Pittston consists primarily of one-bedroom units (56) and a smaller number of two-bedroom units (7). There are no efficiencies, three-bedroom, or four-bedroom units reported in the LIHTC-funded projects.
Over the past decade, Pittston's population has remained relatively stable, with a slight decrease from 7,770 in 2010 to 7,601 in 2022. The median income has fluctuated, reaching $38,988 in 2021 before dropping to $35,742 in 2022.
Racial demographics have shown a gradual shift, with the white population decreasing from 94% in 2013 to 84% in 2022. There has been a small increase in racial diversity, with the Black population growing from 1% to 5%, and the Hispanic population increasing from 1% to 6% during this period.
The completion of the Steeple View project in 2020 aligns with these demographic changes, potentially addressing the evolving needs of a more diverse population and fluctuating income levels.
Pittston's LIHTC-funded affordable housing represents a small but significant portion of its housing stock. The city has seen two LIHTC projects over 14 years, with the most recent completed in 2020. The housing inventory predominantly consists of one-bedroom units, which may cater to smaller households or individuals. While the population has remained relatively stable, there have been shifts in racial demographics and fluctuations in median income, which could influence future affordable housing needs. The recent addition of affordable housing units suggests ongoing efforts to address the community's evolving housing requirements.