Loading Content...
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 16668 in Patton, Pennsylvania, contains Low-Income Housing Tax Credit (LIHTC) funded affordable housing. This area has 59 affordable units, all designated as low-income. Based on the 2022 population of 4,365 and using the national average household size, the estimated housing inventory in this zip code is approximately 1,672 units. The LIHTC-funded affordable housing comprises about 3.5% of the estimated housing inventory in the zip code.
The LIHTC program has allocated $95,451 in tax credits to this zip code, which represents 0.02% of the total state funding for Pennsylvania. This translates to an average federal funding of approximately $1,618 per unit. The affordable housing presence in this zip code dates back to 1994 when the Patton Terrace Commons project was completed. This single project has been the primary source of LIHTC-funded affordable housing in the area for nearly three decades.
The Patton Terrace Commons project provides a range of unit types to accommodate various household sizes. The breakdown of units includes 8 one-bedroom units, 45 two-bedroom units, and 6 three-bedroom units. This distribution suggests a focus on accommodating small to medium-sized families in the area.
Over the past decade, the population in this zip code has remained relatively stable, with minor fluctuations. The median income has increased from $45,627 in 2017 to $57,282 in 2022, indicating an improving economic situation for residents. The racial composition of the zip code has remained predominantly white, with a slight decrease from 99% in 2017 to 96% in 2022. There has been a small increase in diversity, with the percentage of residents identifying as two or more races growing from 0% to 2% during this period.
Despite the rising median income, the continued presence of the LIHTC-funded housing suggests an ongoing need for affordable options in the community. The stability of the project over time indicates that it continues to serve a vital role in providing housing for low-income residents.
The zip code 16668 in Patton, Pennsylvania, has maintained a consistent LIHTC-funded affordable housing presence since 1994 through the Patton Terrace Commons project. This single development provides 59 low-income units, covering about 3.5% of the estimated housing inventory. While this falls short of the target percentage for affordable housing stock, it represents a significant commitment to addressing housing needs in the area.
The project's diverse unit mix caters to various household sizes, with a majority of two-bedroom units. Despite rising median incomes over the past decade, the continued operation of this LIHTC project suggests an ongoing demand for affordable housing options in the community. The racial composition has remained predominantly white, with a slight increase in diversity in recent years.
This analysis highlights the long-term impact of LIHTC investment in providing stable, affordable housing options in zip code 16668, even as the community experiences economic changes.