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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 18011 in Alburtis, Pennsylvania, contains a specific inventory of Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. The area encompasses 10 total units in LIHTC funded projects, with 1 unit designated as low-income. Based on the 2022 population of 6,039 and utilizing the national average household size, the estimated number of housing units in this zip code is approximately 2,314. LIHTC funded affordable housing represents about 0.43% of the estimated housing inventory in the area.
The LIHTC program has allocated $40,109 in tax credits for affordable housing projects in zip code 18011. This equates to an average federal funding of $4,011 per unit. This funding constitutes 0.01% of the total LIHTC allocation for Pennsylvania, indicating that a relatively small portion of the state's affordable housing efforts are concentrated in this area.
The Alburtis Apts project, completed in 1991, marks the inception of LIHTC-funded affordable housing in zip code 18011. This project has been providing affordable housing options for over three decades. The affordable housing inventory in this zip code consists of a mix of unit types, including 3 one-bedroom units, 5 two-bedroom units, and 2 three-bedroom units. This diverse range of unit sizes can accommodate various household compositions, from individuals to small families.
Over the past decade, zip code 18011 has experienced certain demographic shifts. The population has remained relatively stable, with a slight increase from 6,025 in 2013 to 6,039 in 2022. Median income has shown a notable upward trend, rising from $78,089 in 2013 to $89,385 in 2022, indicating an improving economic situation for residents.
Racial demographics in zip code 18011 have also evolved. The white population has decreased from 91% in 2013 to 77% in 2022, while Hispanic representation has increased from 3% to 12% during the same period. Asian and Black populations have seen slight increases, contributing to a more diverse community.
The absence of new LIHTC projects in zip code 18011 over the last decade might be attributed to the rising median income, which could suggest a reduced need for additional affordable housing units. However, the increasing diversity in the area might present new opportunities for targeted affordable housing initiatives.
Zip code 18011 has a modest LIHTC-funded affordable housing inventory, with 10 units contributing to the area's housing diversity. While this represents a small portion of the estimated housing stock, it has been a consistent presence since 1991. The area has experienced economic growth and increased racial diversity over the past decade, which may influence future affordable housing needs and initiatives. The existing LIHTC project continues to play a role in providing housing options for lower-income residents in this evolving community.