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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 17824, encompassing Elysburg in Pennsylvania, contains a modest Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. This area, spanning 25.22 square miles, includes 30 total units in LIHTC-funded projects, with 3 units designated as low-income. Based on the 2022 population of 4,032 and the national average household size of 2.61, an estimated 1,545 housing units exist in the zip code. LIHTC-funded affordable housing comprises approximately 1.94% of the estimated housing inventory in this area.
The LIHTC program has allocated $53,636 in tax credits to projects in zip code 17824, averaging about $1,788 per unit when distributed across all 30 LIHTC-funded units. This funding represents 0.01% of Pennsylvania's total LIHTC allocation, indicating a relatively small portion of the state's affordable housing investment in this area.
Nottingham Estates, the sole LIHTC project in this zip code, was completed in 1991. This project has provided affordable housing options in the area for over three decades. Nottingham Estates consists of 30 units, including 6 one-bedroom and 24 two-bedroom apartments, catering to various household sizes within the community.
The population in zip code 17824 has remained relatively stable over the past decade, fluctuating between 3,997 and 4,040 residents. The median income has increased significantly, rising from $63,828 in 2016 to $85,003 in 2022. This upward trend in income may suggest a reduced need for additional affordable housing in recent years.
The racial composition of the area has been predominantly white, consistently above 95% throughout the last decade. A slight increase in diversity has occurred, with small percentages of Asian, Black, Hispanic, and multiracial residents emerging in recent years.
Zip code 17824 in Elysburg, Pennsylvania, contains a single LIHTC-funded affordable housing project that has served the community for over 30 years. While the project provides a modest number of affordable units, it represents a small fraction of the estimated housing inventory in the area. The stable population and rising median income over the past decade may indicate a changing landscape for affordable housing needs in this zip code. Ongoing assessment of affordable housing requirements will be crucial to ensure the community's needs are met as demographics continue to evolve.
