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Affordable Housing Analysis in Zip Code 18336: LIHTC Funded Units in Matamoras, Pennsylvania
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 18336, located in Matamoras, Pennsylvania, contains 36 low-income units funded by the Low-Income Housing Tax Credit (LIHTC) program. These units are distributed across 2 projects, addressing the area's affordable housing requirements. The 2022 population of 3,565 and an estimated 1,366 housing units in the zip code indicate that LIHTC funded affordable housing comprises approximately 2.64% of the estimated housing inventory.
The LIHTC program has allocated $179,058 in tax credits for affordable housing projects in zip code 18336. This equates to an average federal funding of $4,974 per unit. Zip code 18336 represents 0.03% of the total LIHTC funding assigned to Pennsylvania.
Delaware Run, the initial LIHTC project in this area, was completed in 1997, establishing over two decades of affordable housing presence in the zip code. This project provides all 36 low-income units, consisting entirely of one-bedroom apartments. The 1990s experienced the most significant affordable housing development activity in this zip code.
The population in zip code 18336 has exhibited minor fluctuations over the past decade, with an overall increase from 3,449 in 2013 to 3,565 in 2022. The median income has also risen, from $56,617 in 2013 to $67,911 in 2022, suggesting a general improvement in economic conditions.
Racial demographics have remained relatively constant, with a predominant white population. However, there has been a slight increase in diversity, with the Asian population growing from 1% in 2015 to 5% in 2022, and the Hispanic population increasing from 6% in 2013 to 11% in 2022.
Despite these demographic changes, there has not been significant new LIHTC development in the last decade. This could be attributed to the relatively small size of the community or other factors not captured in the available data.
Zip code 18336 in Matamoras, Pennsylvania, has a modest LIHTC funded affordable housing inventory, primarily established in the late 1990s. While the area has experienced some population growth and income increases over the past decade, the LIHTC funded affordable housing stock has remained stable. The community's demographic shifts, including slight increases in diversity, have not yet resulted in new LIHTC developments. This analysis provides an overview of how LIHTC funded housing contributes to the overall housing landscape in this specific zip code.
