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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 17856, located in New Columbia, Pennsylvania, has a modest Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. This area, spanning 43.55 square miles, had a population of 4,080 in 2022. There is one LIHTC-funded project in this zip code, providing 24 affordable units, all designated as low-income units. Based on the estimated housing inventory of approximately 1,563 units, the LIHTC-funded affordable housing represents about 1.54% of the zip code's housing stock.
The LIHTC project in zip code 17856 received $180,749 in tax credits. With 24 total units, this translates to an average federal funding of approximately $7,531 per unit. This zip code holds 0.03% of the total state LIHTC funding, indicating a relatively small portion of Pennsylvania's overall affordable housing investment.
The single LIHTC project in this zip code, White Deer Commons, was completed in 1997. This suggests that affordable housing has been present in the area for over 25 years. The project consists of 14 two-bedroom units and 1 three-bedroom unit, providing housing options for various family sizes.
Over the past decade, the population in zip code 17856 has remained relatively stable, with minor fluctuations. The median income has shown an overall increasing trend, rising from $54,601 in 2013 to $61,870 in 2022. This growth in median income might indicate a reduced need for additional affordable housing in recent years.
The racial composition of zip code 17856 has remained predominantly white, with a slight increase in diversity. The Hispanic population grew from 0% in 2013 to 10% in 2021, before dropping to 0% again in 2022. This fluctuation might suggest changing demographic patterns that could influence future affordable housing needs.
Zip code 17856 in New Columbia, Pennsylvania, has a single LIHTC-funded affordable housing project that has been serving the community since 1997. While it covers a small percentage of the estimated housing inventory, it provides 24 low-income units, primarily consisting of two-bedroom apartments. The area has experienced stable population levels and increasing median income over the past decade, which may have influenced the lack of additional LIHTC projects in recent years. As demographics continue to evolve, ongoing assessment of affordable housing needs in this zip code will be crucial to ensure adequate housing options for all residents.