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Affordable Housing Analysis: Zip Code 19382 in West Chester, Pennsylvania and the Denny Tag Building
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
West Chester, Pennsylvania, zip code 19382, contains 63 affordable housing units funded by the Low-Income Housing Tax Credit (LIHTC) program. These units, all designated as low-income, comprise approximately 0.30% of the estimated 20,793 housing units in the zip code, based on the 2022 population of 54,271 and the national average household size of 2.61.
The LIHTC program has invested $358,619 in tax credits for affordable housing projects in this zip code, averaging approximately $5,692 per unit. This funding represents 0.06% of the total state credits allocated in Pennsylvania.
The Denny Tag Building, completed in 1999, is the only LIHTC-funded project in the area. It has provided affordable housing options for over two decades, consisting of 62 one-bedroom units and 1 two-bedroom unit, primarily serving individuals or small families in need of affordable housing.
Zip code 19382 has experienced demographic shifts over the past decade. The population decreased slightly from 55,274 in 2015 to 54,271 in 2022. Median income increased from $110,159 in 2015 to $118,104 in 2022, indicating growing affluence in the area.
Racial distribution has remained relatively consistent, with a slight decrease in the white population from 86% in 2015 to 83% in 2022. Small increases occurred in the Asian, Black, and Hispanic populations, as well as those identifying as two or more races. This gradual diversification may suggest a growing need for culturally sensitive affordable housing options.
The LIHTC-funded affordable housing in zip code 19382 represents a small but significant portion of the area's housing inventory. The Denny Tag Building, completed in 1999, has provided 63 low-income units for over two decades. Despite increasing median incomes and slight racial diversification over the past decade, the presence of this LIHTC project continues to play a role in maintaining some affordable housing options in an increasingly affluent area. This analysis demonstrates the long-term impact of LIHTC investments in providing stable, affordable housing options in communities.
