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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 18014, located in Bath, Pennsylvania, contains Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The area has 65 affordable units, all of which are low-income units. This inventory addresses housing needs in the community.
The 2022 population of 11,352 and an estimated 4,349 housing units in zip code 18014 indicate that LIHTC-funded affordable housing units represent approximately 1.5% of the total housing stock. This contribution falls short of the 15-20% affordable housing stock typically recommended for a balanced community.
LIHTC projects in zip code 18014 have received $286,380 in tax credits, averaging about $4,406 per unit. This funding represents 0.05% of Pennsylvania's total LIHTC allocation, indicating a modest investment in affordable housing for this area.
Affordable housing has been present in zip code 18014 since 1995, with the completion of Howard Jones Manor. The most recent project, Howard Jones Manor II, was completed in 1997, suggesting that LIHTC-funded affordable housing development concentrated in the mid-1990s.
All 65 affordable units in zip code 18014 are one-bedroom apartments, indicating a focus on housing for individuals or small households. This uniform unit type suggests a specific demographic target, possibly seniors or single working adults.
Over the past decade, the zip code's population has remained relatively stable, with minor fluctuations. The median income has shown an upward trend, increasing from $58,340 in 2013 to $73,403 in 2022. This rise in median income might partially explain the lack of new LIHTC projects in recent years, as the overall economic situation of the area has improved.
The racial composition of zip code 18014 has remained predominantly white, although there has been a slight decrease from 93% in 2013 to 88% in 2022. There has been a small increase in the Hispanic population, from 3% to 6%, and in the Black population, from 1% to 3% over the same period. These demographic shifts, while modest, could potentially influence future affordable housing needs and planning.
Zip code 18014 has a small but significant LIHTC-funded affordable housing inventory, consisting of 65 one-bedroom units across two projects completed in the mid-1990s. While this represents only 1.5% of the estimated housing stock, it provides affordable options for the community. The area has seen a gradual increase in median income over the past decade, which may have influenced the lack of new LIHTC developments. As the community continues to evolve, with slight increases in racial diversity, ongoing assessment of affordable housing needs will be important to ensure adequate housing options for all residents.