SHILOH ESTATES
Shiloh Estates II is an affordable housing program developed by the Greater Community Development Corporation (GCDC) in Easton, Pennsylvania. This initiative is designed to address the critical need for affordable housing in Northampton County, with a specific focus on serving underserved communities and income-sensitive groups.
The program involves the construction of eight units. These homes are tailored to be accessible to prospective homeowners within the workforce, for residents of Northampton County. By increasing the number of owned residential units, Shiloh Estates II not only enhances the local housing infrastructure but also contributes to the county's economy through additional tax revenue.
A significant aspect of Shiloh Estates II is its commitment to serving low to moderate-income households, particularly within the BIPOC community. This focus is aligned with the broader regional objectives of supporting diversity and inclusion in housing and addressing historical disparities in housing accessibility and ownership among minority communities.
Financially, the program would be supported by funds from Northampton County, the City of Easton, and PHARE funds, which will be strategically allocated to ensure maximum impact. Forty percent of these funds are earmarked to assist households earning below 50% of the county's Median Area Income (MAI), targeting the most financially vulnerable populations. The remaining sixty percent is allocated to households earning between 50% and 100% of the county's MAI, encompassing a broader range of underserved demographics.
The infusion of PHARE funds into Shiloh Estates II significantly reduces the cost of homes, making them more affordable for qualified buyers. This financial assistance ensures the mortgage amounts are sustainable, aligning with the program's goal of fostering long-term economic stability and empowerment for families.
Shiloh Estates II is a strategically planned affordable housing program that seeks to provide sustainable homeownership opportunities to underserved communities in Northampton County. It stands as a model of how targeted funding and thoughtful community planning can come together to create meaningful, lasting change in the realm of affordable housing.
SHILOH COMMONS
Shiloh Commons is set to enhance Easton's Canal Street with 100 units of affordable rental housing, specifically designed for low to moderate-income families. This new complex, aimed at bolstering community development and providing secure, quality housing, addresses the pressing need for accessible living options in the area. As part of a broader initiative to support economic diversity and stability, Shiloh Commons will offer residents not only a place to call home but also a springboard to greater opportunities within the thriving local environment.