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Affordable Housing Analysis in Zip Code 18104: LIHTC Investments and Changing Demographics
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 18104 in Allentown, Pennsylvania, contains 160 total units in Low-Income Housing Tax Credit (LIHTC) funded projects, with 159 designated as low-income units. Based on the 2022 population of 49,578 and an estimated 18,995 housing units, LIHTC-funded affordable housing represents approximately 0.84% of the estimated housing inventory in this zip code.
The LIHTC program has invested $282,823 in tax credits for affordable housing projects in zip code 18104. This equates to an average federal funding of $1,767.64 per unit. This zip code accounts for 0.05% of Pennsylvania's total LIHTC funding allocation.
Affordable housing has been present in this community for over three decades, with the earliest recorded LIHTC project, Allentown Towne House, completed in 1989. The housing mix in LIHTC-funded projects is predominantly one-bedroom units, with 159 such units available and one two-bedroom unit.
Zip code 18104 has experienced steady population growth, increasing from 44,876 in 2013 to 49,578 in 2022, representing a 10.5% increase. This population growth may have contributed to the need for affordable housing options.
Median income in the area has shown moderate growth, rising from $77,548 in 2013 to $79,478 in 2022. Despite this increase, the presence of LIHTC projects suggests an ongoing need for affordable housing options for lower-income residents.
The racial composition of zip code 18104 has become more diverse over the past decade. The percentage of white residents decreased from 81% in 2013 to 66% in 2022, while Hispanic, Asian, and Black populations have increased. This demographic shift may influence the demand for diverse and affordable housing options.
Zip code 18104 in Allentown, Pennsylvania, has a small but significant LIHTC-funded affordable housing presence, representing 0.84% of the estimated housing inventory. The area has seen consistent population growth and increasing diversity over the past decade, which may impact the demand for affordable housing. While the median income has risen slightly, the continued presence of LIHTC projects indicates an ongoing need for affordable housing options in this community.
