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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The zip code 19468, located in Royersford, Pennsylvania, has a population of 27,112 as of 2022. This area contains Low-Income Housing Tax Credit (LIHTC) funded affordable housing, with 20 affordable units, all designated as low-income. Based on an estimated housing inventory of 10,388 units, LIHTC funded affordable housing comprises approximately 0.19% of the zip code's housing stock.
The LIHTC program has invested in this zip code, with project tax credits totaling $666,127. This equates to an average federal funding of $33,306 per unit. This zip code accounts for 0.11% of the total state LIHTC funding, indicating a modest contribution to Pennsylvania's affordable housing efforts.
The area has experienced consistent development of affordable housing over time. The first LIHTC project, "1802 E Ridge Pike," was completed in 1989, while the most recent, "Limerick Green," was finished in 2000. This 11-year span demonstrates a sustained commitment to affordable housing in the zip code. The 1990s saw the most affordable housing projects completed, with two out of the three projects built during this period.
The inventory of LIHTC funded units in this zip code consists of 8 one-bedroom units and 12 two-bedroom units, accommodating various household sizes and needs.
Over the past decade, the zip code has experienced moderate population growth, increasing from 25,951 in 2014 to 27,112 in 2022. During this period, the median income has risen from $98,256 in 2014 to $100,394 in 2022, indicating a relatively stable economic environment.
The racial composition of the area has changed slightly, with a decrease in the white population from 89% in 2014 to 84% in 2022. Concurrently, there has been a modest increase in diversity, particularly in the Asian and Black populations. The Asian population grew from 3% to 6%, while the Black population increased from 2% to 3% during this period.
No new LIHTC projects have been completed in the last decade. This may be due to the relatively high median income in the area, which may indicate a lower demand for affordable housing compared to other parts of the state.
The 19468 zip code has an established inventory of LIHTC funded affordable housing, with 20 units across three projects built between 1989 and 2000. While these units represent a small fraction of the estimated housing stock, they provide affordable options in an area with a high median income. The demographic trends over the past decade show moderate population growth and increasing diversity, though these changes have not led to new LIHTC developments. The area's affordable housing landscape reflects a balance between meeting low-income housing needs and the overall economic prosperity of the zip code.