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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 18013, located in Bangor, Pennsylvania, has a population of 18,501 as of 2022. This area contains Low-Income Housing Tax Credit (LIHTC) funded affordable housing, totaling 60 affordable units, all designated as low-income units. The LIHTC funded affordable housing represents approximately 0.85% of the zip code's estimated housing inventory of 7,089 units.
The LIHTC program has invested $105,406 in tax credits for affordable housing projects in zip code 18013. This equates to an average federal funding of $1,757 per unit. Zip code 18013 accounts for 0.02% of the total LIHTC funding allocated to Pennsylvania.
Affordable housing has been present in this community for over 30 years. The first LIHTC project, 55 Broadway, was completed in 1987, and the most recent, Century House, was finished in 1988. The 1980s marked the most significant period of affordable housing development in this area.
The LIHTC funded housing inventory in zip code 18013 comprises 4 efficiency units and 29 one-bedroom units. Century House, the larger of the two projects, provides 34 units, including all 4 efficiency units and 3 one-bedroom units. 55 Broadway contributes 26 one-bedroom units to the affordable housing stock.
The population in zip code 18013 has remained relatively stable over the past decade, fluctuating between 18,400 and 19,100 residents. The median income has increased gradually, rising from $62,896 in 2015 to $70,587 in 2022. This upward trend in income may indicate a growing need for affordable housing options to maintain economic diversity in the area.
Racial demographics in zip code 18013 have shifted slightly. The white population decreased from 94% in 2015 to 88% in 2022. Concurrently, there has been a modest increase in Hispanic residents, from 2% to 7%, and a small rise in residents identifying as two or more races, from 0% to 2%. These changes in racial composition could suggest a need for culturally sensitive affordable housing options.
Zip code 18013 in Bangor, Pennsylvania, has a small but established LIHTC funded affordable housing presence, covering less than 1% of the estimated housing stock. The area received 0.02% of Pennsylvania's LIHTC funding, providing 60 low-income units across two projects completed in the late 1980s. While the population has remained stable, rising median incomes and subtle shifts in racial demographics over the past decade may indicate evolving affordable housing needs in this community.