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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 19606, encompassing Reiffton in Pennsylvania, contains Low-Income Housing Tax Credit (LIHTC) funded affordable housing. This analysis examines the LIHTC inventory in the zip code and its impact on local housing needs.
Zip code 19606 has 39 LIHTC-funded affordable housing units, all designated as low-income units. These units represent approximately 0.27% of the estimated 14,210 housing units in the zip code. LIHTC projects thus contribute a small portion to the overall affordable housing stock in the area.
The LIHTC program has allocated $174,325 in tax credits to projects in zip code 19606. This translates to an average federal funding of about $4,470 per unit. The zip code accounts for 0.03% of the total LIHTC funding in Pennsylvania, indicating a relatively small share of the state's affordable housing resources.
The John F Lutz Apts, completed in 1996, is the only LIHTC project in zip code 19606. This project has provided affordable housing in the area for over 25 years. The development consists of 34 one-bedroom units and 5 two-bedroom units, primarily serving smaller households or individuals.
The population in zip code 19606 has grown from 35,507 in 2013 to 37,088 in 2022. The median income has increased from $69,179 in 2013 to $74,936 in 2022, suggesting an improvement in economic conditions. The racial composition has become more diverse, with the percentage of white residents decreasing from 81% in 2013 to 70% in 2022, and the Hispanic population growing from 9% to 21%. The Black population has remained relatively stable at 4-5%.
No new LIHTC projects have been developed in zip code 19606 in the last decade, despite demographic changes. This could be due to local housing policies, availability of suitable land, or shifts in funding priorities.
Zip code 19606 has a single LIHTC-funded affordable housing project serving the community for over two decades. This project provides 39 low-income units, representing a small fraction of the estimated housing inventory. The zip code has experienced population growth, increasing median income, and growing racial diversity over the past decade. However, these changes have not been accompanied by new LIHTC developments. Further investigation into other affordable housing programs and local housing policies would be necessary to fully understand the affordable housing landscape in zip code 19606.