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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 15323, located in Taylorstown, Pennsylvania, has a population of 4,318 as of 2022. This area has one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project, providing a total of 24 low-income units. Based on the estimated housing inventory of approximately 1,654 units, the LIHTC funded affordable housing covers about 1.45% of the zip code's housing stock.
The LIHTC program has invested $287,422 in tax credits for affordable housing in this zip code. This translates to an average federal funding of $11,976 per unit. Notably, this investment represents 0.05% of Pennsylvania's total LIHTC funding allocation.
The sole LIHTC project in this zip code, Claysville Elderly Housing, was completed in 2007. This project has been providing affordable housing options for over 15 years. All 24 units in this development are one-bedroom apartments, suggesting a focus on accommodating single individuals or couples, particularly seniors.
Over the past decade, the population in this zip code has remained relatively stable, with a slight decrease from 4,803 in 2015 to 4,318 in 2022. Despite this small decline, the median income has shown a significant increase, rising from $57,527 in 2015 to $74,381 in 2022. This upward trend in income might explain the lack of additional LIHTC projects in recent years.
The racial composition of the area has remained predominantly white, with a slight increase in diversity. The percentage of white residents decreased marginally from 97% in 2015 to 95% in 2022, while the proportion of residents identifying as two or more races increased from 1% to 3% during the same period.
Zip code 15323 has a single LIHTC funded affordable housing project, Claysville Elderly Housing, which has been serving the community since 2007. While this project provides 24 low-income units, it represents a small fraction of the estimated housing inventory. The area has experienced stable population levels and increasing median income over the past decade, which may influence the demand for additional affordable housing. The racial composition remains predominantly white, with a slight increase in diversity in recent years.