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Affordable Housing Analysis in Willow Grove, Pennsylvania: Zip Code 19090's LIHTC-Funded Development
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 19090, encompassing Willow Grove in Pennsylvania, houses a population of 18,633 as of 2022. This suburban community features 46 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units, all categorized as low-income. Given an estimated housing inventory of 7,139 units, LIHTC-funded affordable housing comprises approximately 0.64% of the zip code's housing stock.
The LIHTC program has invested $1,174,609 in project tax credits within this zip code, averaging $25,535 per unit in federal funding. Zip code 19090 represents 0.2% of Pennsylvania's total LIHTC funding, indicating a modest contribution to the state's affordable housing initiatives.
Crest Manor, completed in 2016, stands as the sole LIHTC-funded affordable housing project in the area. This 46-unit development offers a diverse range of accommodations: 12 one-bedroom, 12 two-bedroom, 14 three-bedroom, and 8 four-bedroom units, catering to various household sizes.
Demographic shifts over the past decade may have influenced affordable housing needs in zip code 19090. The population increased slightly from 18,369 in 2010 to 18,633 in 2022. Median income rose from $73,669 in 2013 to $85,411 in 2022, potentially indicating an increased need for affordable housing options for lower-income residents.
Racial demographics in the zip code have evolved. The white population decreased from 73% in 2013 to 68% in 2022. The Hispanic population increased from 4% to 5%, while the Asian population remained stable at 5%. The Black population decreased slightly from 16% to 15%. These changes suggest a gradually diversifying community that may benefit from inclusive affordable housing options.
The LIHTC program has made a modest contribution to affordable housing in zip code 19090 through the Crest Manor project. While the 46 low-income units represent a small percentage of the overall housing stock, they mark a significant step in addressing local affordable housing needs. The project's diverse unit mix aligns with the community's evolving demographic profile. As the area experiences income growth and slight demographic shifts, ongoing assessment of affordable housing needs will be crucial to ensure a balanced and inclusive community.
