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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Mount Joy, located in Pennsylvania's zip code 17552, has 92 affordable housing units funded by the Low-Income Housing Tax Credit (LIHTC) program. All of these units are designated as low-income. Based on the 2022 population of 18,804 and an estimated 7,205 housing units, the LIHTC-funded affordable housing represents approximately 1.28% of the zip code's estimated housing inventory.
The LIHTC program has invested $388,708 in tax credits for affordable housing projects in zip code 17552. This equates to an average federal funding of $4,225 per unit. This zip code accounts for 0.07% of Pennsylvania's total LIHTC funding allocation.
Affordable housing has been present in this community for over three decades. The initial LIHTC project, Sassafras Terrace Apartments, was completed in 1991, and the most recent project, Nissley Chocolate Factory, was finished in 1996. The 1990s marked the most significant period of affordable housing development in this area.
The LIHTC-funded housing stock in zip code 17552 includes 4 efficiencies, 16 one-bedroom units, 49 two-bedroom units, 13 three-bedroom units, and 1 four-bedroom unit. This distribution indicates accommodation for various household sizes, with an emphasis on small to medium-sized families.
Zip code 17552 has experienced demographic changes over the past decade. The population increased from 18,461 in 2015 to 18,804 in 2022. Median income rose from $68,504 in 2015 to $75,330 in 2022, indicating improving economic conditions for some residents.
Racial demographics in zip code 17552 have remained relatively stable, with a slight increase in diversity. The white population decreased from 88% in 2015 to 87% in 2022, while the Hispanic population grew from 4% to 8% during the same period. The Asian population increased from 1% to 2%.
Despite these demographic changes, no new LIHTC projects have been developed in zip code 17552 in the last decade. This may be attributed to various factors, including the rising median income or potential changes in local housing policies and priorities.
The LIHTC program has contributed to providing affordable housing in zip code 17552, with 92 units developed across two projects in the 1990s. While this represents a small percentage of the estimated housing inventory, it has added to the area's housing diversity. The absence of recent LIHTC developments, combined with rising incomes and subtle demographic shifts, indicates a changing landscape for affordable housing needs in this community. A comprehensive analysis of local housing policies and other affordable housing programs would be necessary to fully understand the current state of affordable housing in zip code 17552.