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Affordable Housing in Zip Code 16127: Three Decades of LIHTC Impact in Grove City
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Grove City, Pennsylvania, zip code 16127, is a community with a notable presence of affordable housing funded through the Low-Income Housing Tax Credit (LIHTC) program. The zip code area has a total of 170 LIHTC-funded units, with 158 of these designated as low-income units. Based on the estimated 5,916 housing units in the zip code, LIHTC-funded affordable housing represents approximately 2.87% of the total housing inventory.
The LIHTC program has invested significantly in this zip code, with project tax credits totaling $1,370,170. This translates to an average federal funding of about $8,060 per unit. Notably, this zip code accounts for 0.23% of the total LIHTC funding allocated to Pennsylvania, indicating a meaningful concentration of affordable housing resources in this area.
Affordable housing has been a long-standing feature of this zip code, with projects spanning from 1990 to 2016. The earliest project, Woodside Apts, was completed in 1990, while the most recent, Tishco College View Towers, was finished in 2016. This 26-year span demonstrates a sustained commitment to affordable housing in the area. The 2010s saw the most activity, with two projects completed during this decade: Liberty Crossing in 2014 and Tishco College View Towers in 2016.
The LIHTC-funded housing in this zip code offers a diverse range of unit types. Of the 170 total units, 103 are one-bedroom apartments, 26 are three-bedroom units, and 9 are four-bedroom units. This variety caters to different household sizes and needs within the low-income population.
Over the past decade, the zip code has experienced some demographic shifts. The population has slightly decreased from 16,219 in 2015 to 15,441 in 2022. However, the median income has risen significantly from $54,541 in 2015 to $80,128 in 2022, suggesting an overall improvement in economic conditions for residents.
The racial composition of the zip code has remained relatively stable, with a slight decrease in the white population from 93% in 2015 to 92% in 2022. There has been a small increase in diversity, with the Hispanic population growing from 1% to 2% and those identifying as two or more races increasing from 2% to 3% during this period.
The completion of two LIHTC projects in 2014 and 2016 aligns with a period of relative economic stability in the area, possibly addressing a need for affordable housing options as the community's economic profile evolved.
The LIHTC program has played a crucial role in providing affordable housing options in zip code 16127. With 170 units across three projects spanning nearly three decades, the program has contributed to maintaining a diverse housing stock in the area. While the LIHTC-funded units represent a small percentage of the total estimated housing inventory, they provide essential housing options for low-income residents. The recent increase in median income, coupled with a slight population decrease, suggests a changing economic landscape that may influence future affordable housing needs in this zip code.
