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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 18036, located in Coopersburg, Pennsylvania, contains Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The area has 45 affordable units, all designated as low-income units. This zip code covers 31.66 square miles and had a population of 15,511 in 2022. Based on the estimated housing inventory of 5,943 units, LIHTC funded affordable housing comprises approximately 0.76% of the zip code's total housing stock.
The LIHTC projects in zip code 18036 have received $513,034 in tax credits for affordable housing development. With 45 total units, this equates to an average federal funding of about $11,401 per unit. This zip code holds 0.09% of Pennsylvania's total LIHTC funding, indicating a small contribution to the state's affordable housing efforts.
Affordable housing has been present in this zip code since at least 1994, with the completion of the Coopersburg School Apts project. The most recent project, Coopersburg Apts II, was completed in 2000, spanning a period of 6 years of LIHTC-funded affordable housing development in the area. The 1990s saw the most affordable housing projects completed in this zip code.
All 45 units in the LIHTC-funded projects are one-bedroom units, suggesting a focus on housing for individuals or small households. Neither of the two projects in this zip code had a specified target population, indicating they may be open to a general low-income population.
Over the past decade, zip code 18036 has experienced steady population growth, increasing from 13,519 in 2013 to 15,511 in 2022. The median income has also risen, from $95,264 in 2013 to $106,743 in 2022, indicating an increase in the area's economic prosperity. The racial distribution has remained relatively stable, with a slight decrease in the white population from 93% in 2013 to 87% in 2022. There has been a small increase in diversity, with slight growth in the Hispanic, Black, and multi-racial populations.
Despite the population growth and rising median income, no new LIHTC projects have been developed in zip code 18036 in the last decade. This could be due to the area's relatively high median income, which may reduce the perceived need for additional low-income housing. However, affordable housing needs can persist even in areas with higher median incomes.
Zip code 18036 has a small but established LIHTC-funded affordable housing presence, with 45 one-bedroom units across two projects. While these units represent less than 1% of the estimated housing stock, they provide affordable housing options in an area that has seen significant population and income growth over the past decade. The lack of recent LIHTC development, despite demographic changes, suggests that other factors may be influencing affordable housing needs and development in this zip code.