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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 19320, which includes Coatesville in Pennsylvania, contains a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The area has a total of 291 affordable housing units, with 236 of these specifically designated as low-income units. Based on the 2022 population of 55,934 and the estimated 21,431 housing units in the zip code, the LIHTC funded affordable housing covers approximately 1.36% of the estimated housing inventory.
The LIHTC projects in zip code 19320 have received $2,208,611 in project tax credits, averaging about $7,590 per unit. This funding represents 0.37% of Pennsylvania's total LIHTC allocation, indicating a moderate investment in affordable housing for this area.
Affordable housing has been a long-standing feature of zip code 19320, with projects dating back to 1987. The West End Housing Dev project marked the beginning of LIHTC-funded housing in the area. The most recent recorded project, Roymar Hall Apts, was completed in 2010, representing over two decades of affordable housing development.
The 1980s and 1990s saw the most significant affordable housing development activity in zip code 19320. Notable projects from this period include the Quarry St Projects and multiple developments on Fleetwood St. The 2000s also saw continued investment, with projects like Elmwood Garden Apts and Brandywine Health & Housing.
The affordable housing inventory in zip code 19320 offers a diverse range of unit types. It includes 4 efficiencies, 119 one-bedroom units, 91 two-bedroom units, 44 three-bedroom units, and 12 four-bedroom units, catering to various household sizes and needs.
Over the past decade, zip code 19320 has experienced steady population growth, increasing from 53,727 in 2015 to 55,934 in 2022. The median income has also risen, from $75,132 in 2015 to $83,556 in 2022, indicating improving economic conditions.
Racial demographics in zip code 19320 have remained relatively stable, with a slight decrease in the white population (from 64% in 2015 to 64% in 2022) and small increases in Hispanic (9% to 11%) and multiracial populations (3% to 4%). The Black population has seen a slight decrease from 21% to 19%.
Despite the improving economic conditions, the lack of new LIHTC projects since 2010 might suggest a shift in housing priorities or a reduced need for additional affordable housing units in recent years in zip code 19320.
Zip code 19320 has an established LIHTC-funded affordable housing inventory, with 291 total units developed over more than two decades. While these units represent a small percentage of the estimated housing stock, they provide essential affordable options for low-income residents. The area has seen steady population growth and increasing median incomes over the past decade, which may have influenced the recent slowdown in LIHTC project development. The diverse unit types available cater to various household sizes, reflecting an effort to meet different housing needs within the community.