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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Wind Gap, located in Pennsylvania's zip code 18091, contains 28 affordable housing units funded by the Low-Income Housing Tax Credit (LIHTC) program. All of these units are designated as low-income units. The estimated population of this zip code as of 2022 is 7,192, with an approximate housing inventory of 2,756 units based on the national average household size.
The LIHTC-funded affordable housing in zip code 18091 comprises about 1.02% of the estimated housing units. This percentage suggests that while LIHTC projects contribute to the affordable housing stock, they represent a small portion of the overall housing inventory in the area.
The LIHTC projects in this zip code have received $304,702 in project tax credits, averaging about $10,882 per unit. This funding represents 0.05% of Pennsylvania's total LIHTC allocation, indicating a relatively small share of the state's affordable housing investment in this particular area.
Affordable housing has been present in zip code 18091 since at least 1997, with the completion of Wind Gap Elderly Apts. The most recent project, Wind Gap Manor, was completed in 1999. This indicates that LIHTC-funded affordable housing has been a part of the community for over two decades.
The 1990s saw the most affordable housing project completions in this zip code. All 28 units in the LIHTC-funded projects are one-bedroom apartments, suggesting a focus on housing for individuals or small households.
Over the past decade, zip code 18091 has experienced notable demographic shifts. The population has grown from 6,161 in 2015 to 7,192 in 2022, an increase of about 16.7%. Median income has also risen, from $65,635 in 2015 to $71,095 in 2022, representing an 8.3% increase.
The racial composition of the area has remained relatively stable, with the white population consistently making up around 95% of residents. There has been a slight increase in diversity, with small increases in Asian, Black, and multiracial populations.
Despite these demographic changes, including population growth and rising median income, there have been no new LIHTC projects in zip code 18091 in the past decade. This could suggest that other forms of affordable housing may be meeting the area's needs, or that the existing LIHTC units are sufficient for the current demand.
Wind Gap's zip code 18091 has a small but established LIHTC-funded affordable housing inventory, consisting of 28 one-bedroom units across two projects completed in the late 1990s. While these units represent a small percentage of the estimated housing stock, they have provided consistent affordable housing options for over two decades. The area has experienced population growth and increased median income in recent years, but this has not corresponded with new LIHTC developments. This analysis provides insight into the role of LIHTC-funded housing in this specific zip code.