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Affordable Housing in Zip Code 17268: Two Decades of LIHTC Investment in Waynesboro, 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 17268 in Waynesboro, Pennsylvania, has a presence of affordable housing funded through the Low-Income Housing Tax Credit (LIHTC) program. The area contains 214 total units in LIHTC-funded projects, with 133 designated as low-income units. Based on the 2022 population of 32,579 and an estimated housing inventory of 12,482 units, the LIHTC-funded affordable housing comprises approximately 1.71% of the zip code's estimated housing stock.
The LIHTC projects in zip code 17268 have received $3,912,018 in tax credits, averaging about $18,280 per unit. This represents 0.65% of Pennsylvania's total LIHTC funding. Affordable housing has been present in this zip code for over two decades. The first LIHTC project, New Visions Housing, was completed in 1996, and the most recent, Mount Vernon Terrace, in 2016. The 2010s saw the most activity, with four projects completed during this decade: Westminster Place At Quincy (2013), New Forge Crossing (2014), Wayne Gardens (2015), and Mount Vernon Terrace (2016).
The LIHTC-funded housing in zip code 17268 offers various unit types. Out of the 214 total units, there are 76 one-bedroom, 108 two-bedroom, 26 three-bedroom, and 4 four-bedroom units. This distribution indicates accommodation for various family sizes and living arrangements.
Over the past decade, zip code 17268 has experienced steady population growth, increasing from 30,717 in 2010 to 32,579 in 2022. Median income has fluctuated but showed an overall increase from $58,885 in 2013 to $59,311 in 2022. The racial composition has remained predominantly white, though there has been a slight decrease from 93% in 2013 to 86% in 2022, with small increases in Hispanic, Black, and multiracial populations.
The completion of four LIHTC projects between 2013 and 2016 aligns with the period of population growth and income fluctuations, suggesting a response to changing housing needs in the community.
Zip code 17268 has a modest but growing affordable housing inventory supported by LIHTC funding. The area has seen consistent investment in affordable housing over two decades, with a particular focus in the 2010s. The LIHTC-funded units represent a small percentage of the overall estimated housing stock, providing a range of options for low-income residents. The demographic trends, including population growth and slight diversification, align with the timing of affordable housing development in this zip code.
