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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The zip code 16137, which encompasses Lake Latonka in Pennsylvania, has a population of 11,618 as of 2022 and covers an area of 99.82 square miles. This zip code contains 36 LIHTC-funded affordable housing units, with 34 of these designated as low-income units. Based on the estimated housing inventory of 4,451 units, the LIHTC-funded affordable housing comprises approximately 0.81% of the zip code's housing stock.
The LIHTC projects in zip code 16137 have received $105,090 in tax credits, averaging about $2,919 per unit. This represents 0.02% of the total LIHTC funding allocated to Pennsylvania, indicating a relatively small portion of the state's affordable housing investment.
Affordable housing has been present in zip code 16137 since 1990, with the completion of the Mercer Manor project. The most recent project, Heritage Square II, was completed in 2005, spanning a 15-year period of LIHTC development in the area. The 1990s saw the most affordable housing activity in this zip code.
The affordable housing inventory in zip code 16137 consists primarily of one-bedroom units, with 34 in total, and 2 two-bedroom units. This distribution suggests a focus on housing for individuals or small families.
Over the past decade, the population in zip code 16137 has remained relatively stable, fluctuating between 11,300 and 11,900 residents. The median income has shown a general upward trend, increasing from $48,244 in 2013 to $57,759 in 2022. This rise in median income could potentially indicate a reduced need for additional affordable housing in recent years.
The racial composition of zip code 16137 has remained predominantly white, consistently above 90% throughout the observed period. There has been a slight increase in racial diversity, with the Black population growing from 3% to 5% and the two or more races category increasing from 1% to 2% between 2013 and 2022.
Zip code 16137 has a small but established LIHTC-funded affordable housing inventory, primarily consisting of one-bedroom units. The affordable housing stock covers less than 1% of the estimated housing inventory. The zip code has seen stable population levels and increasing median income over the past decade, which may influence the demand for affordable housing. The racial composition has remained predominantly white, with slight increases in diversity. These demographic trends, combined with the lack of new LIHTC projects since 2005, suggest a potential shift in affordable housing needs or priorities in this area.