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Affordable Housing Analysis: Zip Code 17340 in Littlestown, Pennsylvania - A Single LIHTC Project's Impact
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 17340, located in Littlestown, Pennsylvania, has a population of 11,654 as of 2022. This area has one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project, providing a total of 36 affordable units, all of which are designated as low-income units. Based on the estimated housing inventory of 4,465 units, the LIHTC-funded affordable housing covers approximately 0.81% of the zip code's housing stock.
The LIHTC project in this zip code received $71,485 in tax credits, equating to an average federal funding of $1,986 per unit. This funding represents 0.01% of Pennsylvania's total LIHTC allocation, indicating a relatively small portion of the state's affordable housing investment in this area.
The sole LIHTC project in zip code 17340, Littlestown Villas Apartments, was completed in 1989. This project has been providing affordable housing in the area for over three decades. The development consists of 15 one-bedroom and 21 two-bedroom units, offering a mix of housing options for smaller households and families.
Over the past decade, the population in zip code 17340 has shown modest growth, increasing from 11,062 in 2010 to 11,654 in 2022. The median income has also risen, from $68,598 in 2013 to $73,055 in 2022, indicating a general improvement in economic conditions.
The racial composition of the area has remained predominantly white, though there has been a slight increase in diversity. The percentage of white residents decreased from 97% in 2013 to 93% in 2022, with small increases in Hispanic (1% to 4%) and multiracial (1% to 2%) populations.
No new LIHTC projects have been developed in zip code 17340 in the last decade. This could be due to the relatively high median income and stable population growth, which may not have triggered a significant demand for additional affordable housing through the LIHTC program.
Zip code 17340 in Littlestown, Pennsylvania, has a single LIHTC-funded affordable housing project that has been serving the community since 1989. This project provides 36 low-income units, representing a small percentage of the area's estimated housing stock. The zip code has experienced modest population growth and increasing median income over the past decade, with slight changes in racial diversity. The lack of new LIHTC developments in recent years may reflect the area's economic stability and potentially lower demand for additional affordable housing through this specific program.
