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Affordable Housing Analysis in Zip Code 18301: Two Decades of LIHTC Development in East Stroudsburg
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 18301, located in East Stroudsburg, Pennsylvania, contains 130 affordable housing units funded by the Low-Income Housing Tax Credit (LIHTC) program. This zip code, covering 38.7 square miles with a population of 28,827 in 2022, has an estimated housing inventory of 11,045 units. The LIHTC-funded affordable housing represents approximately 1.18% of the total housing stock in this zip code.
The LIHTC projects in zip code 18301 have received $1,306,351 in tax credits, averaging $10,049 in federal funding per unit. This amount constitutes 0.22% of the total LIHTC funding allocated to Pennsylvania. The affordable housing in this zip code has been present for over two decades, with the first LIHTC project, Milford Commons Apartments, completed in 1999, and the most recent project, Milford Commons Apartments Phase II, finished in 2001.
The 1990s and early 2000s were the most active periods for affordable housing development in this area. Milford Commons Apartments provides 88 units, while Milford Commons Apartments Phase II adds 42 units to the inventory. The affordable housing units in zip code 18301 consist of 50 two-bedroom units and 80 three-bedroom units, accommodating various family sizes and needs.
The population in zip code 18301 has remained relatively stable over the past decade, fluctuating between 28,000 and 29,000 residents. The median income has shown an overall upward trend, increasing from $64,356 in 2013 to $73,015 in 2022, with a peak of $78,957 in 2021.
Racial demographics in zip code 18301 have shifted during this period. The white population has decreased from 66% in 2013 to 52% in 2022, while the Black population has increased from 13% to 21%. The Hispanic population has grown slightly, from 15% to 20%. These changes indicate growing diversity in the area, which may influence future affordable housing needs.
Zip code 18301 in East Stroudsburg, Pennsylvania, has a modest LIHTC-funded affordable housing inventory, covering about 1.18% of the estimated total housing stock. The area has seen two LIHTC projects completed between 1999 and 2001, providing 130 low-income units. While the population has remained relatively stable over the past decade, there has been an increase in median income and growing racial diversity. These demographic shifts may impact future affordable housing needs in the area.
