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Affordable Housing in Zip Code 16652: LIHTC Project Analysis in Huntingdon, 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 16652 in Huntingdon, Pennsylvania, contains one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project. This project provides 59 affordable units, all of which are classified as low-income units. Within the estimated 6,964 housing units in the zip code, LIHTC funded affordable housing represents approximately 0.85% of the total housing inventory.
The LIHTC project in zip code 16652 received $56,895 in tax credits, equating to an average federal funding of $964 per unit. This zip code accounts for 0.01% of the total state LIHTC funding in Pennsylvania.
The single LIHTC project in this zip code, Blair House Apts, was completed in 1994. The project has been present in the area for nearly three decades and consists entirely of 59 one-bedroom units, potentially indicating a focus on smaller household sizes or senior housing.
The population in zip code 16652 has remained relatively stable over the past decade, fluctuating between 18,500 and 19,200 residents. There has been a significant increase in median income, rising from $41,400 in 2013 to $69,130 in 2022. This substantial income growth may indicate a reduced need for additional affordable housing in recent years.
The racial composition of the area has remained predominantly white, consistently accounting for over 80% of the population. There has been a slight increase in diversity, with the percentage of residents identifying as two or more races growing from 1% in 2013 to 5% in 2022.
Zip code 16652 has a single LIHTC funded affordable housing project that has been serving the community for nearly 30 years. While the project provides 59 one-bedroom units, it represents a small fraction of the estimated housing inventory. The area has experienced significant income growth over the past decade, which may have influenced the lack of new LIHTC projects. The stable population and slight increase in diversity suggest that ongoing assessment of affordable housing needs in the community may be beneficial.
