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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The zip code 16066, located in Pennsylvania, contains a diverse affordable housing inventory supported by the Low-Income Housing Tax Credit (LIHTC) program. This area has a total of 97 affordable housing units, all of which are designated as low-income units. With an estimated housing inventory of 12,392 units based on the 2022 population, the LIHTC-funded affordable housing covers approximately 0.78% of the zip code's housing stock.
The LIHTC program has invested $1,100,959 in tax credits for affordable housing projects in this zip code. This translates to an average federal funding of $11,350 per unit. Notably, this zip code accounts for 0.18% of the total LIHTC funding allocated to Pennsylvania.
Affordable housing has been a part of this community for nearly three decades, with the first project, Cranberry Pointe Townhouse, completed in 1994, and the most recent, Rolling Road Regency Apts, finished in 2004. The 1990s saw the largest affordable housing development in this area.
The housing inventory in this zip code is diverse, with 5 one-bedroom units and 92 three-bedroom units. This distribution suggests a focus on accommodating both individuals and families. Neither of the projects in this zip code had a specific target population, indicating they are open to a variety of residents.
Over the past decade, the zip code has experienced steady population growth, increasing from 27,938 in 2013 to 32,342 in 2022. The median income has remained relatively stable, fluctuating between $113,244 and $121,703 during this period.
Racial demographics have shown slight shifts, with the white population decreasing from 95% in 2013 to 89% in 2022. Meanwhile, there has been a modest increase in Asian (1% to 4%), Hispanic (1% to 3%), and multiracial (1% to 2%) populations. Despite these changes, no new LIHTC projects have been developed in the last decade, possibly due to the area's high median income levels which may indicate less need for additional low-income housing.
The 16066 zip code demonstrates a limited but established presence of LIHTC-funded affordable housing, with projects dating back to the 1990s. While the area has experienced population growth and slight demographic shifts in the past decade, no new LIHTC projects have been developed recently. The existing affordable housing stock, though small relative to the overall housing inventory, provides a mix of unit sizes to accommodate various household compositions. The high median income of the area may be a factor in the lack of recent affordable housing development.