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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
McElhattan, Pennsylvania, zip code 17745, is a rural area with a population of 16,714 as of 2022. The zip code has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory consisting of 26 total units, all of which are designated as low-income units. Based on the estimated housing inventory of 6,404 units, the LIHTC-funded affordable housing covers approximately 0.41% of the zip code's housing stock.
The LIHTC projects in this zip code have received $511,680 in project tax credits, averaging $19,680 per unit in federal funding. This zip code holds 0.09% of the total state LIHTC funding, indicating a relatively small portion of Pennsylvania's affordable housing investments.
The affordable housing presence in this zip code spans from at least 1997 to 2010, with Lock Haven Commons being the earliest known project and Opera House Senior Apts being the most recent. The 2010s saw the completion of at least one affordable housing project, marking it as a decade of continued investment in affordable housing for the area.
The LIHTC-funded housing inventory in this zip code includes 2 one-bedroom units, 2 two-bedroom units, and 4 three-bedroom units. This distribution suggests a focus on accommodating various household sizes, from individuals to small families.
Over the past decade, the zip code's population has remained relatively stable, with a slight decrease from 17,783 in 2016 to 16,714 in 2022. During this period, the median income has shown a steady increase, rising from $42,351 in 2016 to $55,741 in 2022. This income growth might indicate a reduced need for additional affordable housing in recent years.
The racial composition of the zip code has remained predominantly white, with a slight increase in diversity. The percentage of white residents decreased marginally from 94% in 2016 to 93% in 2022, while there were small increases in Asian, Black, Hispanic, and multi-racial populations.
The LIHTC-funded affordable housing in zip code 17745 represents a small but significant portion of the area's housing stock. With 26 low-income units across multiple projects, the area has maintained a consistent, albeit limited, affordable housing presence since the late 1990s. The average federal funding per unit is substantial, indicating a commitment to quality affordable housing. While the population has remained stable and median income has increased over the past decade, the modest affordable housing inventory suggests that additional factors or programs may be addressing the area's low-income housing needs beyond LIHTC-funded projects.