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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 17584, encompassing Willow Street in Pennsylvania, contains a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 72 total units, with 61 designated as low-income units. Based on the 2022 population of 9,291 and an estimated 3,560 housing units in the zip code, LIHTC-funded affordable housing comprises approximately 2% of the estimated housing inventory.
The LIHTC program has invested $1,316,771 in tax credits for affordable housing projects in this zip code. This equates to an average federal funding of $18,288 per unit. Zip code 17584 accounts for 0.22% of the total LIHTC funding allocated to Pennsylvania.
The affordable housing project in this zip code, Willow Run, was completed in 2015. LIHTC-funded affordable housing has been present in the area for approximately 8 years. The project consists of 36 two-bedroom units and 36 three-bedroom units, offering a range of housing options for varying family sizes.
Over the past decade, the population in zip code 17584 has exhibited steady growth, increasing from 7,300 in 2013 to 9,291 in 2022. This represents a population increase of 27% over this period. Concurrently, the median income has risen from $71,578 in 2013 to $81,903 in 2022, indicating an overall improvement in economic conditions.
The racial composition of the area has remained predominantly white, though there has been a slight decrease in the white population percentage from 98% in 2013 to 87% in 2022. There has been a modest increase in racial diversity, with the Hispanic population growing from 1% in 2013 to 7% in 2022, and small increases in other racial groups.
The completion of the Willow Run project in 2015 aligns with the period of population growth and increasing median income, suggesting a response to the growing housing needs of the community.
Zip code 17584 in Willow Street, Pennsylvania, has a single LIHTC-funded affordable housing project, Willow Run, completed in 2015. This project provides 72 units, with 61 designated as low-income units, representing about 2% of the estimated housing inventory. The area has experienced significant population growth and rising median incomes over the past decade, along with a slight increase in racial diversity. The LIHTC investment of over $1.3 million demonstrates a commitment to providing affordable housing options in this growing community.