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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip Code 15126, located in Imperial, Pennsylvania, is a suburban area with a population of 8,021 as of 2022. This zip code features Low-Income Housing Tax Credit (LIHTC) funded affordable housing, consisting of 38 affordable units, all designated as low-income. These units represent approximately 1.24% of the zip code's estimated housing inventory of 3,073 units.
The LIHTC program has invested $69,548 in tax credits for affordable housing projects in Zip Code 15126. This investment equates to an average federal funding of $1,830 per unit. Zip Code 15126 accounts for 0.01% of the total LIHTC funding allocated to Pennsylvania.
West Pine Apts, completed in 1991, marks the inception of LIHTC-funded affordable housing in this area. This project has provided affordable housing options for over three decades. West Pine Apts consists of 38 units, including 1 one-bedroom unit and 28 two-bedroom units.
Zip Code 15126's population has fluctuated over the past decade, showing an overall growth trend. The population increased from 7,193 in 2013 to 8,021 in 2022, representing an 11.5% growth. The median income has varied, rising from $75,932 in 2013 to $75,070 in 2022, with fluctuations in between.
The racial composition of Zip Code 15126 has remained predominantly white, although the white population percentage decreased from 96% in 2013 to 89% in 2022. During this period, there has been a slight increase in diversity, with minor growth in Asian, Black, Hispanic, and multi-racial populations.
No new LIHTC projects have been developed in Zip Code 15126 in the last decade, despite demographic changes. This may indicate that the existing affordable housing stock has been sufficient to meet the community's needs, or that other affordable housing programs may be addressing any additional requirements.
Zip Code 15126 in Imperial, Pennsylvania, contains a single LIHTC-funded affordable housing project, West Pine Apts, which has provided 38 low-income units since 1991. This project represents 1.24% of the estimated housing inventory and has been a long-standing contributor to affordable housing in the area. The zip code has experienced population growth and slight increases in diversity over the past decade, with relatively stable median income levels. The lack of new LIHTC projects in recent years suggests that the existing affordable housing stock may be meeting the current needs of the community.