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Affordable Housing in Zip Code 16001: A Decade of LIHTC Development in Shanor-Northvue, Pennsylvania
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 zip code 16001, located in Shanor-Northvue, Pennsylvania, contains 88 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. These units represent approximately 0.58% of the estimated 15,069 housing units in the zip code. The LIHTC program has invested $1,576,598 in tax credits in this area, averaging $17,916 per unit. This zip code accounts for 0.26% of the total LIHTC funding allocated to Pennsylvania.
Affordable housing development in zip code 16001 spans over a decade. The initial LIHTC project, "Under Our Wing Apts," was completed in 2005. The most recent project, "Thompson Greene," was finished in 2016. The 2010s were the most active period for affordable housing development, with two projects completed: "Historic Lafayette Apts" in 2012 and "Thompson Greene" in 2016.
The affordable housing inventory in zip code 16001 consists of 29 efficiencies, 53 one-bedroom units, 4 two-bedroom units, and 2 three-bedroom units. This distribution indicates a focus on accommodating smaller households or individuals.
Zip code 16001 has experienced minor demographic changes over the past decade. The population decreased slightly from 40,045 in 2013 to 39,330 in 2022. However, the median income increased from $47,826 in 2013 to $58,337 in 2022, suggesting an improvement in economic conditions.
Racial demographics in zip code 16001 have remained relatively stable. The white population has consistently comprised 93-95% of the total population throughout the decade. There has been a slight increase in diversity, with small growth observed in Hispanic and multiracial populations.
The completion of LIHTC projects in 2012 and 2016 coincides with the period of rising median incomes. This suggests that these developments may have been part of broader community development efforts in zip code 16001.
Zip code 16001 in Shanor-Northvue, Pennsylvania, maintains a modest but significant LIHTC-funded affordable housing presence. These units, while representing a small percentage of the estimated housing stock, provide essential low-income housing options. The area has received consistent investment in affordable housing over the past two decades, with projects primarily designed for smaller households. Despite rising median incomes, the continued development of affordable housing through 2016 indicates an ongoing commitment to maintaining housing accessibility across income levels. The demographic stability, combined with the gradual increase in economic prosperity, suggests a balanced approach to community development in zip code 16001.
