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Affordable Housing Analysis in Zip Code 18101: A Compact Urban Area with LIHTC-Funded Units
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 18101 in Allentown, Pennsylvania, contains 29 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. This area, covering 0.32 square miles, has an estimated 1,640 housing units based on the 2022 population of 4,281 and the national average household size. LIHTC funded affordable housing represents approximately 1.77% of the estimated housing inventory in this urban area.
The LIHTC projects in zip code 18101 have received $316,385 in tax credits, averaging $10,910 per unit. This funding constitutes 0.05% of Pennsylvania's total LIHTC allocation. The program has supported affordable housing in this zip code since at least 1988, with the completion of the 137 S Eighth St project. Subsequent developments in the 1990s include 627 Hamilton Apts in 1992 and 10Th St Project in 1993, indicating a sustained commitment to affordable housing over three decades.
The LIHTC projects in this zip code offer a diverse unit distribution, with 4 one-bedroom units, 20 two-bedroom units, and 5 three-bedroom units, accommodating various household sizes.
Zip code 18101 has experienced population growth, increasing from 3,700 in 2019 to 4,281 in 2022. The median income has risen from $32,253 in 2019 to $36,004 in 2022, suggesting improving economic conditions.
The racial composition in zip code 18101 has shifted. The Hispanic population decreased from 66% in 2020 to 58% in 2022, while the Black population increased from 11% to 19% during the same period. The White population has remained relatively stable at 20-23%. These demographic changes may influence future affordable housing needs and development in the area.
Zip code 18101 in Allentown demonstrates an ongoing commitment to affordable housing through the LIHTC program. The current inventory, while small, provides essential low-income housing options in this densely populated urban area. The diverse unit sizes accommodate various household needs, reflecting the area's demographic composition. As the population grows and demographics shift, continuous assessment of affordable housing needs will be necessary to ensure adequate support for low-income residents in this changing community.
