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Affordable Housing Analysis in Zip Code 18067: Three Decades of LIHTC Development
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 18067, located in Northampton, Pennsylvania, has a population of 19,746 as of 2022. This area has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 71 total units, all designated as low-income units. Based on an estimated housing inventory of 7,566 units, the LIHTC funded affordable housing covers 0.94% of the zip code's housing stock.
The LIHTC program has invested $405,342 in tax credits for affordable housing projects in this zip code. This equates to an average federal funding of $5,709 per unit. Zip code 18067 accounts for 0.07% of the total LIHTC funding allocated to Pennsylvania.
Affordable housing has been present in this zip code for over three decades. The first project, Main Street Apts, was completed in 1990, and the most recent, Washington Apts, was finished in 1997. The 1990s saw the most significant development of affordable housing in this area.
The LIHTC funded housing inventory in zip code 18067 consists of 57 one-bedroom units, 13 two-bedroom units, and one three-bedroom unit. This distribution indicates a focus on smaller household sizes in the affordable housing stock.
Over the last decade, the zip code has experienced a population increase from 18,497 in 2013 to 19,746 in 2022. The median income has risen from $70,077 in 2013 to $74,223 in 2022, indicating overall economic growth.
Racially, the area has remained predominantly white, decreasing from 91% in 2013 to 86% in 2022. The Hispanic population has shown the most significant growth, increasing from 4% to 10% during this period. Despite these demographic changes, no new LIHTC projects have been completed in the last decade.
Zip code 18067 has a modest LIHTC funded affordable housing inventory, covering less than 1% of the estimated housing stock. The area saw significant affordable housing development in the 1990s, with a focus on smaller units. Despite recent population growth and increasing diversity, particularly in the Hispanic community, no new LIHTC projects have been developed in the past decade. This analysis provides insight into the affordable housing landscape of the zip code.
