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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 17547, located in Maytown, Pennsylvania, possesses a distinct Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. This area contains 56 affordable units, all of which are designated as low-income units. Based on the 2022 population of 8,607 and an estimated 3,298 housing units, the LIHTC funded affordable housing comprises approximately 1.7% of the zip code's estimated housing inventory.
The LIHTC program has invested $1,129,885 in tax credits for affordable housing projects in zip code 17547. This equates to an average federal funding of $20,176 per unit. This funding represents 0.19% of Pennsylvania's total LIHTC allocation, indicating a relatively small but significant contribution to the state's affordable housing efforts.
The affordable housing landscape in zip code 17547 is characterized by a single project, Marietta Senior Apartments, completed in 2012. This development marks the inception of LIHTC-funded affordable housing in the area, providing a decade-long presence of affordable options for residents.
Marietta Senior Apartments consists of 56 units, with a composition of 42 one-bedroom and 14 two-bedroom apartments. This configuration suggests a focus on accommodating smaller households, potentially catering to the senior population as indicated by the project's name.
Over the past decade, zip code 17547 has experienced steady population growth, increasing from 7,690 in 2013 to 8,607 in 2022. Median income has also risen significantly, from $62,208 in 2013 to $83,049 in 2022, indicating overall economic improvement in the area.
The racial composition of zip code 17547 has remained predominantly white, though with a slight decrease from 95% in 2013 to 85% in 2022. There has been a notable increase in the Hispanic population, growing from 2% in 2013 to 7% in 2022. The area has also seen small increases in racial diversity, with slight growth in Black, multiracial, and other racial categories.
The completion of the Marietta Senior Apartments in 2012 aligns with the beginning of this demographic data period, suggesting it may have been developed in response to identified needs in the community, particularly for senior housing options.
Zip code 17547 has a modest LIHTC-funded affordable housing presence, with 56 units concentrated in a single senior-focused development. While this represents a small percentage of the estimated housing inventory, it provides targeted support for a specific demographic. The area has experienced steady population growth and significant income increases over the past decade, along with gradual diversification of its racial composition. These demographic shifts may influence future affordable housing needs and development in the zip code.