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Affordable Housing Analysis in Zip Code 17837: LIHTC Funding and Unit Distribution
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 17837, located in Lewisburg, Pennsylvania, has a population of 19,356 as of 2022 and covers an area of 71.12 square miles. This zip code has a LIHTC funded affordable housing inventory of 107 total units, all of which are designated as low-income units. Based on an estimated housing inventory of 7,416 units, the LIHTC funded affordable housing covers 1.44% of the zip code's housing stock.
The LIHTC projects in zip code 17837 have received $1,933,039 in project tax credits, averaging $18,066 in federal funding per unit. This zip code holds 0.32% of Pennsylvania's total LIHTC funding. Affordable housing has been present in this zip code since at least 2005, with the completion of Meadow View Apts and Essex Place. The most recent project, Penn Commons, was completed in 2017, spanning over a decade of affordable housing development.
The LIHTC funded housing inventory in zip code 17837 consists of 5 one-bedroom units, 36 two-bedroom units, 46 three-bedroom units, and 20 four-bedroom units. This distribution indicates a focus on accommodating families of various sizes, with emphasis on medium to large households.
Over the past decade, the population in zip code 17837 has remained relatively stable, with a slight decrease from 20,484 in 2019 to 19,356 in 2022. The median income has fluctuated, reaching a peak of $86,362 in 2019 before settling at $81,108 in 2022. The racial distribution has remained predominantly white, consistently around 84-85% of the population, with small but stable percentages of other racial groups.
The completion of Penn Commons in 2017 aligns with a period of population growth and increasing median income, suggesting a response to growing housing needs in the area. The lack of new LIHTC projects since 2017 may be related to the recent slight population decrease and stabilization of median income.
Zip code 17837 has a modest but significant LIHTC funded affordable housing inventory, covering 1.44% of its estimated housing stock. The area has seen consistent development of affordable housing over more than a decade, with a mix of unit sizes catering to diverse household needs. The LIHTC funded housing represents a small portion of the state's total credits but plays an important role in providing affordable options in this community. The demographic trends over the past decade suggest a relatively stable population with some income fluctuations, which may have influenced the timing and scale of affordable housing development in the area.
