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Affordable Housing in Zip Code 17325: A Quarter-Century of LIHTC Development
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 17325, located in Pennsylvania, contains a substantial Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. This area has 214 total units in LIHTC-funded projects, of which 178 are designated as low-income units. Based on the 2022 population of 27,976 and an estimated 10,719 housing units, LIHTC-funded affordable housing comprises approximately 2% of the zip code's estimated housing inventory.
The LIHTC program has made a significant investment in this zip code, with project tax credits totaling $8,897,939. This equates to an average federal funding of about $41,579 per unit in LIHTC-funded projects. Notably, this zip code accounts for 1.49% of the state's total LIHTC credits, indicating a considerable allocation of resources to this area.
Affordable housing development has been a consistent focus in zip code 17325, with projects spanning from 1990 to 2015. The initial LIHTC project, Gettysburg Place, was completed in 1990, while the most recent, Misty Ridge Terrace Twnhms, was finished in 2015. This 25-year span demonstrates a sustained effort to develop affordable housing in the area. The 2010s saw the highest activity, with three projects completed during this decade.
The LIHTC-funded housing in zip code 17325 offers a range of unit types. Out of the 214 total units, there is 1 efficiency unit, 81 one-bedroom units, 97 two-bedroom units, 33 three-bedroom units, and 2 four-bedroom units. This variety accommodates different household sizes and needs within the community.
Over the past decade, zip code 17325 has experienced a gradual increase in population, growing from 26,869 in 2014 to 27,976 in 2022. Median income has also risen significantly, from $60,821 in 2014 to $71,282 in 2022, indicating an overall improvement in economic conditions. Despite this growth, the continued development of LIHTC projects suggests an ongoing need for affordable housing options.
The racial composition of zip code 17325 has remained relatively stable, with a slight decrease in the white population from 85% in 2014 to 85% in 2022, and a small increase in the Hispanic population from 7% to 9% during the same period. This demographic stability may have contributed to the consistent development of affordable housing projects over the years.
Zip code 17325 in Pennsylvania demonstrates a sustained commitment to affordable housing through its LIHTC-funded projects. With 214 total units, including 178 low-income units, spread across seven projects completed between 1990 and 2015, the area has consistently addressed affordable housing needs. The significant federal investment, diverse unit types, and correlation with demographic trends all indicate a thoughtful approach to affordable housing development in this community.
