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Affordable Housing in York's 17404 Zip Code: A Three-Decade Commitment
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The 17404 zip code in York, Pennsylvania, demonstrates a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. This area contains 158 total units in LIHTC-funded projects, with 146 designated as low-income units. Based on the 2022 population of 36,735 and an estimated 14,075 housing units, the LIHTC-funded affordable housing comprises approximately 1.12% of the zip code's estimated housing inventory.
The LIHTC projects in this zip code have received $2,090,454 in project tax credits, averaging about $13,230 per unit. This zip code accounts for 0.35% of Pennsylvania's total LIHTC funding, indicating a substantial investment in affordable housing for the area.
Affordable housing has been present in this zip code for nearly three decades. The first LIHTC project, Princess Apts, was completed in 1993, while the most recent, Carriage Works Apts, was finished in 2012. The 2000s saw the most activity, with two projects completed during this decade: Shelly School Apts in 2001 and Gateway Apts in 2005.
The LIHTC-funded housing in this zip code offers a range of unit types. The inventory includes 23 one-bedroom units, 102 two-bedroom units, and 33 three-bedroom units. This distribution suggests accommodation for various household sizes, with an emphasis on two-bedroom units.
Over the past decade, the zip code has experienced population growth, increasing from 33,913 in 2013 to 36,735 in 2022. The median income has also risen, from $64,120 in 2013 to $70,386 in 2022, indicating economic improvement.
Racial demographics have remained relatively stable, with a slight decrease in the white population from 72% in 2013 to 68% in 2022. The Hispanic population has seen the most significant increase, growing from 9% in 2013 to 16% in 2022. This demographic shift may indicate a growing need for culturally sensitive affordable housing options.
Despite these demographic changes, no new LIHTC projects have been completed since 2012. This could suggest that other affordable housing initiatives are addressing the community's needs, or that the existing LIHTC units are sufficient for the current demand.
The 17404 zip code in York demonstrates a consistent commitment to affordable housing through its LIHTC-funded projects. While these units represent a small percentage of the overall housing inventory, they provide crucial low-income housing options. The area has seen steady population growth and increasing median income over the past decade, along with a notable rise in the Hispanic population. These demographic shifts may influence future affordable housing needs and development strategies in the zip code.
