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Affordable Housing in Zip Code 17834: A Three-Decade Commitment in Kulpmont, 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 17834 in Kulpmont, Pennsylvania, contains 66 affordable housing units funded by the Low-Income Housing Tax Credit (LIHTC) program. These units constitute approximately 6.5% of the estimated 1,022 total housing units in the zip code. All 66 units are designated as low-income units.
The LIHTC projects in zip code 17834 have received $101,060 in tax credits, averaging $1,531 per unit. This funding represents 0.02% of Pennsylvania's total LIHTC allocations. The affordable housing in this zip code has been present for over three decades, with the first project, New Centrailia Apts, completed in 1989 and the most recent, Timberwood Park Elderly, finished in 1992.
The LIHTC-funded housing inventory in zip code 17834 consists of 48 one-bedroom units and 18 two-bedroom units. This distribution suggests a focus on smaller households and potentially senior living arrangements.
Zip code 17834 has experienced a slight population decline from 2,793 in 2014 to 2,668 in 2022. The median income has increased from $43,571 in 2014 to $52,109 in 2022. The racial composition has remained predominantly white, with minor increases in Hispanic and Asian populations.
The existing affordable housing continues to play a crucial role in the community despite the absence of new LIHTC projects in the last decade. The stable population and modest income growth suggest that the current affordable housing stock may be meeting the area's needs, though ongoing assessment would be beneficial.
Zip code 17834 demonstrates a consistent commitment to affordable housing through its LIHTC-funded projects. These projects, developed over three decades ago, continue to provide a significant portion of the area's housing stock. The community's demographic trends, including a slight population decrease and moderate income growth, indicate that the existing affordable housing inventory may be adequately serving the current population. Regular evaluation of housing needs would ensure that the community continues to meet the evolving demands of its residents.
