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Affordable Housing in Zip Code 17055: Two Decades of LIHTC Development in Mechanicsburg, 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
Zip code 17055 in Mechanicsburg, Pennsylvania, contains 85 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. These units represent approximately 0.54% of the estimated 15,806 housing units in the zip code, based on the 2022 population of 41,253. The LIHTC projects in this zip code have received $677,907 in project tax credits, averaging about $7,975 per unit in federal funding. This funding constitutes 0.11% of Pennsylvania's total LIHTC allocation.
Affordable housing has been present in zip code 17055 since at least 1996, with the completion of American House Apts. The most recent project, Geneva Greens Apts, was completed in 2006, indicating a decade of LIHTC development activity. The 1990s saw the highest number of affordable housing project completions in this area. The LIHTC-funded housing inventory in this zip code comprises 21 one-bedroom units, 31 two-bedroom units, and 33 three-bedroom units, offering options for various household sizes.
Over the past decade, zip code 17055 has experienced steady population growth, increasing from 34,970 in 2013 to 41,253 in 2022. Median income has also risen significantly, from $74,456 in 2013 to $87,881 in 2022. Despite this economic growth, the area has maintained its LIHTC-funded housing, suggesting an ongoing need for affordable options.
The racial composition of zip code 17055 has become slightly more diverse over the past decade. The white population decreased from 91% in 2013 to 87% in 2022, while other racial groups, particularly Asian, Black, and Hispanic populations, saw small increases. This growing diversity may indicate a continued need for affordable housing options to support a varied community.
Zip code 17055 in Mechanicsburg has a modest but important LIHTC-funded affordable housing inventory, covering about 0.54% of its estimated housing stock. The area has seen consistent population and income growth over the past decade, along with increasing racial diversity. While the LIHTC projects were primarily developed in the 1990s and early 2000s, their continued presence suggests an ongoing role in meeting the community's affordable housing needs. The mix of unit sizes in these projects provides options for various household compositions within the low-income population.
