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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 17015 in Plainfield, Pennsylvania, contains a singular Low-Income Housing Tax Credit (LIHTC) funded affordable housing project. This area has a total of 4 affordable units, all of which are classified as low-income units. These units represent approximately 0.04% of the estimated 10,837 housing units in the zip code.
The LIHTC program has allocated $248,659 in tax credits for affordable housing projects in zip code 17015. This amounts to an average federal funding of $62,165 per unit. The zip code's LIHTC funding accounts for 0.04% of the total LIHTC allocation in Pennsylvania.
The sole affordable housing project in this zip code, East Gate Apts, was completed in 2001. This development has been providing affordable housing for over two decades. All 4 units in this project are one-bedroom apartments, designed to accommodate smaller households or individuals requiring affordable housing options.
Zip code 17015 has experienced consistent population growth over the past decade, with the number of residents increasing from 25,291 in 2013 to 28,284 in 2022. Concurrently, the median income has risen from $74,365 in 2013 to $81,944 in 2022, indicating an overall improvement in economic conditions.
The racial composition of zip code 17015 has remained relatively stable. The white population has consistently represented the majority, maintaining approximately 93% of the total population throughout the decade. Minor increases have been observed in the Asian and Hispanic populations, with each group growing from 1% to 2% of the total population.
Despite the population growth and rising median income in zip code 17015, there has been no expansion of LIHTC funded affordable housing in the past decade. This lack of expansion may be attributed to the area's relatively high median income, which could diminish the perceived need for additional low-income housing units.
Zip code 17015 in Plainfield, Pennsylvania, has a limited LIHTC funded affordable housing inventory, consisting of a single project with 4 one-bedroom units. This project represents a small fraction of the estimated housing stock but has provided affordable housing options for over 20 years. The area has experienced population growth and increasing median incomes over the past decade, factors that may influence the perceived need for additional affordable housing. The racial composition has remained relatively stable, with a predominantly white population. These demographic trends, combined with the existing LIHTC project, provide an overview of the affordable housing landscape in zip code 17015.