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Affordable Housing in Zip Code 17754: LIHTC-Funded Units in Montoursville, 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 17754, located in Montoursville, Pennsylvania, contains 60 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. These units, all designated as low-income, constitute a significant portion of the affordable housing inventory in this zip code. Based on the 2022 population of 12,613 and the national average household size of 2.61, the estimated number of housing units in this zip code is approximately 4,833. The 60 LIHTC-funded affordable units represent about 1.24% of the estimated housing inventory.
The LIHTC projects in zip code 17754 have received $571,863 in tax credits, averaging $9,531 per unit. This funding represents 0.1% of Pennsylvania's total LIHTC allocation, indicating a modest investment in affordable housing for this area. Affordable housing has been present in this zip code since at least 2005, with the completion of Mill Race Commons. The most recent project, Parkside Manor, was completed in 2009, spanning a four-year period of LIHTC-funded development. The 2000s were the most active decade for affordable housing construction in this zip code.
The affordable housing inventory in zip code 17754 consists primarily of one-bedroom units (52) and two-bedroom units (8). This distribution suggests a focus on housing for individuals and small families. Over the past decade, the population in this zip code has remained relatively stable, with a slight increase from 12,253 in 2013 to 12,613 in 2022. The median income has shown a general upward trend, rising from $60,161 in 2013 to $70,958 in 2022, indicating improving economic conditions for residents.
The racial composition of zip code 17754 has remained predominantly white, with a slight decrease from 94% in 2013 to 93% in 2022. There has been a small increase in diversity, with the Hispanic population growing from 0% to 3% and the two or more races category increasing from 0% to 2% during this period. While no new LIHTC projects have been built in the last decade, the relatively stable population and increasing median income suggest that the existing affordable housing inventory may be meeting current needs. However, the growing diversity in the area might indicate a potential need for culturally sensitive affordable housing options in the future.
Zip code 17754 has a modest but significant LIHTC-funded affordable housing inventory, representing about 1.24% of the estimated housing units. The area received 0.1% of Pennsylvania's LIHTC funding, with projects completed in the 2000s. The housing stock primarily consists of one-bedroom units, suggesting a focus on individual and small family households. Demographic trends show stability in population and increasing median income, while the growing diversity in the area may influence future affordable housing needs.
