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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 19555, located in Shoemakersville, Pennsylvania, contains one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project. This project, Franklin & Noble Manor, provides 18 low-income units, all of which are one-bedroom apartments. Based on the 2022 population of 4,143 and an estimated 1,587 housing units in the zip code, the LIHTC-funded affordable housing comprises approximately 1.13% of the estimated housing inventory.
The LIHTC program allocated $96,823 in tax credits to this zip code for affordable housing development. This equates to an average federal funding of $5,379 per unit. The zip code's LIHTC funding represents 0.02% of Pennsylvania's total LIHTC allocation, indicating a relatively small share of the state's affordable housing investment.
Franklin & Noble Manor, completed in 1997, has been providing affordable housing in the zip code for over 25 years. This project represents the entirety of LIHTC-funded affordable housing in the area, with all 18 units being one-bedroom apartments. The project does not have a specified target population, suggesting it may serve a general low-income demographic.
Over the past decade, the zip code has experienced slight fluctuations in population, with an overall increase from 3,979 in 2013 to 4,143 in 2022. The median income has shown consistent growth, rising from $59,373 in 2013 to $75,391 in 2022, indicating an improving economic situation for residents.
Racial demographics have remained relatively stable, with a predominantly white population (88% in 2022) and small increases in diversity. The Hispanic population has grown slightly from 7% in 2013 to 7% in 2022, while the Black population increased from less than 1% to 2% during the same period.
Despite the growing population and rising median income, no new LIHTC projects have been developed in the last decade. This could suggest that the existing affordable housing stock, combined with other potential non-LIHTC affordable housing options, may be meeting the current needs of the community.
Zip code 19555 has a single LIHTC-funded affordable housing project, Franklin & Noble Manor, providing 18 one-bedroom units for low-income residents. This project covers a small percentage of the estimated housing inventory in the area. While the population has grown slightly and median incomes have increased over the past decade, no new LIHTC projects have been developed. The racial composition of the zip code remains predominantly white, with small increases in diversity. The analysis suggests a stable affordable housing situation in the zip code, though further investigation into non-LIHTC affordable housing options would provide a more comprehensive understanding of the area's overall affordable housing landscape.