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Affordable Housing Analysis in Nixon, Pennsylvania Zip Code 16002: LIHTC Impact and Demographic Trends
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Nixon, located in Pennsylvania's zip code 16002, is a community with a population of 16,464 as of 2022. This zip code has a presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing, with a total of 120 units, including 12 designated low-income units. Based on the estimated housing inventory of 6,308 units, the LIHTC funded affordable housing covers approximately 1.9% of the zip code's housing stock.
The LIHTC program has allocated $94,810 in tax credits to zip code 16002, which represents 0.02% of Pennsylvania's total LIHTC funding. On average, this translates to $790 of federal funding per unit in LIHTC-funded projects. The zip code's affordable housing inventory includes a mix of unit types, with 36 one-bedroom, 75 two-bedroom, and 9 three-bedroom units.
Greenview Gardens Apartments, completed in 2003, stands as the only LIHTC-funded project in zip code 16002. This project has been providing affordable housing options to the community for nearly two decades.
Over the past decade, zip code 16002 has experienced some demographic shifts. The population has seen a slight decline from 16,929 in 2015 to 16,464 in 2022. Median income has fluctuated, reaching a peak of $71,230 in 2017 before settling at $63,950 in 2022. The racial composition has remained predominantly white, consistently above 95% throughout the decade, with slight increases in Black and Hispanic populations, each reaching 2% and 1% respectively by 2022.
The relatively stable demographic profile and moderate income levels may explain the limited expansion of LIHTC-funded housing in recent years. The existing affordable housing stock, established in 2003, might be meeting the current needs of the community.
Nixon's zip code 16002 has a modest LIHTC-funded affordable housing presence, with 120 units contributing to the area's housing diversity. While this represents a small portion of the estimated housing inventory, it has been a consistent part of the community for nearly two decades. The demographic trends show a stable population with moderate income levels, which may influence the demand for additional affordable housing. The LIHTC program's investment in this zip code, while small in comparison to the state's overall allocation, provides housing options for lower-income residents in the area.
