Builders Patch | HousingCount: Pennsylvania affordable housing data and latest news

Pennsylvania

Summary

Pennsylvania state is facing challenges to housing affordability. For every 100 low-income renter households, there are 66 units available that are affordable to them. The median household income in the state is $40,098 whereas the median rent in the state is $835. Currently, the state is short over 140,555 low-income housing units, meaning rental units that are affordable to households earning ≤60% of AMI.

Renter population data

Renters vs homeowners

Households % share
Renter households 1,586,866
Homeowner households 3,560,917
Total households 5,147,783

Low-income renter households

Households % share
Extremely low-income ≤30% AMI
Very low-income 31-50% AMI
Low-income 51-80% AMI
All low-income households <80% AMI

Rent-burdened households

Households % share
Moderately rent-burdened 339,228
30.0–34.9% 128,804
35.0–39.9% 87,586
40.0-49.9% 122,838
Severely rent-burdened 350,688
≥50.0% 350,688
All rent-burdened households 689,916

Affordable housing shortage

Rent vs median household income

Year Median household income ($) Median rent ($)
2010 28,051 593
2021 40,098 835

Affordable housing stock

Units Amount
Supply (current stock) 272,080
Demand (total units needed) 412,635
Shortage 140,555
Total shortage 140,555
Supply/demand ratio 65.9%

Pennsylvania Housing Finance Agency

Addressing housing financing

List of loan programs

QAP document (Qualified Allocation Plan)

The QAP is a document that states, and a few local agencies, must develop in order to distribute federal Low Income Housing Tax Credits (LIHTCs), which can be awarded only to a building that fits the QAP’s priorities and criteria. Each QAP must spell out a housing finance agency’s (HFA’s) priorities and specify the criteria it will use to select projects competing for tax credits. The priorities must be appropriate to local conditions.