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Affordable Housing in Zip Code 16511: Analysis of LIHTC Project Arneman Place
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 16511 in Northwest Harborcreek, Pennsylvania, has a population of 11,755 as of 2022. This area has one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project, providing a total of 23 units, with 5 designated as low-income units. Based on the estimated housing inventory of 4,504 units, the LIHTC-funded affordable housing covers approximately 0.51% of the zip code's housing stock.
The LIHTC project in this zip code received $613,738 in tax credits, averaging $26,684 per unit. This funding represents 0.1% of Pennsylvania's total LIHTC allocations, indicating a relatively small portion of the state's affordable housing investment in this area.
The sole LIHTC project in the zip code, Arneman Place, was completed in 2013. This project marks the beginning of LIHTC-funded affordable housing in the area, with nearly a decade of presence. Arneman Place consists of 23 total units, including 3 two-bedroom, 16 three-bedroom, and 4 four-bedroom units. This unit mix suggests a focus on accommodating families or larger households.
Over the past decade, the zip code has experienced some demographic shifts. The population has remained relatively stable, with a slight increase from 11,705 in 2013 to 11,755 in 2022. Median income has fluctuated, starting at $50,203 in 2013 and ending at $49,502 in 2022, with some variations in between.
Racial distribution has shown minor changes. The white population decreased slightly from 80% in 2013 to 76% in 2022, while the Black population increased from 9% to 12%. The Asian population remained steady at 1-2%, and the Hispanic population decreased slightly from 8% to 6%.
The introduction of the LIHTC project in 2013 coincided with a period of relative demographic stability. The consistent population and slight decrease in median income over the decade may indicate an ongoing need for affordable housing options in the area.
Zip code 16511 has a modest LIHTC-funded affordable housing presence, with one project providing 23 units, 5 of which are designated as low-income. This represents a small portion of the estimated housing inventory. The project, completed in 2013, focuses on larger units, potentially serving families. The stable population and fluctuating median income suggest a continued need for affordable housing options in the area.
