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Affordable Housing in Zip Code 17402: A Three-Decade Analysis of LIHTC Projects in East York, 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 17402 in East York, Pennsylvania, contains a significant number of affordable housing units funded through the Low-Income Housing Tax Credit (LIHTC) program. The area encompasses 386 low-income units across various LIHTC-funded projects. Based on the 2022 population estimate, the zip code has approximately 14,584 housing units, with LIHTC-funded affordable housing comprising about 2.65% of the housing inventory.
The LIHTC projects in zip code 17402 have received $3,473,741 in tax credits, averaging approximately $9,000 per unit in federal funding. This amount represents 0.58% of Pennsylvania's total LIHTC funding, indicating a notable investment in affordable housing for this area.
Affordable housing has been present in zip code 17402 for nearly three decades. The first LIHTC project, Wyndamere Apts, was completed in 1996, and the most recent, Westminster Place At Queen St, was finished in 2015. The 2000s saw the most activity in affordable housing development, with four projects completed during this decade: Springwood Overlook and York Commons in 2004, Waverly Court Apts At Eastgate in 2006, and Stony Brook Gardens in 2007.
The LIHTC-funded units in zip code 17402 offer a variety of housing options, with 141 one-bedroom, 150 two-bedroom, and 59 three-bedroom units. This diversity in unit sizes suggests accommodation for various household compositions, from individuals to families.
Over the past decade, zip code 17402 has experienced steady population growth, increasing from 35,293 in 2013 to 38,063 in 2022. The median income has also risen, from $70,735 in 2013 to $74,335 in 2022, with a peak of $80,506 in 2021. This economic growth may have influenced the need for affordable housing in the area.
Racial demographics in zip code 17402 have shifted slightly, with the white population decreasing from 85% in 2013 to 77% in 2022. There have been small increases in Black, Hispanic, and multi-racial populations. This diversification may reflect changing housing needs and potentially increased demand for affordable options.
Zip code 17402 has an established foundation of LIHTC-funded affordable housing, with projects spanning nearly three decades. While the current inventory covers a small percentage of the estimated housing units, it represents a significant investment in addressing affordable housing needs. The area's demographic trends, including population growth and increasing diversity, suggest an ongoing need for affordable housing options. The mix of unit sizes in LIHTC projects indicates an effort to accommodate various household types within the community.
