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Affordable Housing Analysis in Zip Code 16412: Three Decades of LIHTC Projects in Edinboro, Pennsylvania
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 16412 in Edinboro, Pennsylvania, has a presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The area contains 88 total units in LIHTC-funded projects, with 78 designated as low-income units. Based on the 2022 population of 10,477 and an estimated 4,014 housing units, the LIHTC-funded affordable housing represents approximately 2.2% of the zip code's estimated housing inventory.
The LIHTC projects in zip code 16412 have received $986,522 in tax credits, averaging about $11,210 per unit. This funding represents 0.17% of Pennsylvania's total LIHTC allocation, indicating a modest investment in affordable housing for this area.
Affordable housing has been part of this community for over three decades. The first LIHTC project, Buckeye Apts, was completed in 1988. The most recent addition, Highland Village, was finished in 2014, demonstrating ongoing efforts to provide affordable housing options. The 2000s saw the most activity in LIHTC development, with two projects completed during this decade: Edinboro Family Homes in 2007 and Highland Village in 2014.
The LIHTC-funded housing in zip code 16412 offers a range of unit sizes. There are 21 one-bedroom units, 11 two-bedroom units, 18 three-bedroom units, and 2 four-bedroom units, catering to various household sizes and needs.
Over the past decade, zip code 16412 has experienced a gradual population decline, from 11,678 in 2014 to 10,477 in 2022. During this period, median income fluctuated, peaking at $72,718 in 2017 before settling at $59,856 in 2022. The racial composition has remained stable, with the white population consistently representing over 90% of residents.
The completion of Highland Village in 2014 aligns with a period of higher median income, potentially reflecting a need for affordable housing options even as overall economic conditions improved. The lack of new LIHTC projects since 2014 may be related to the declining population trend, which could have reduced the immediate demand for additional affordable housing units.
Zip code 16412 has an established inventory of LIHTC-funded affordable housing, representing about 2.2% of its estimated housing stock. The area has seen investment in affordable housing over three decades, with projects varying in size and unit composition. While the population has been declining, the presence of LIHTC projects suggests a commitment to maintaining affordable housing options in the community. The demographic trends, including fluctuations in median income and a stable racial composition, provide context for the affordable housing landscape in this zip code.
