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Affordable Housing in Zip Code 18037: A Single LIHTC Project Serving Coplay
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 18037, located in Coplay, Pennsylvania, contains one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project. This project provides 21 affordable units, all of which are low-income units. The LIHTC-funded affordable housing represents approximately 0.72% of the estimated 2,899 housing units in the zip code.
The LIHTC project in zip code 18037 received $29,555 in tax credits for affordable housing development, averaging $1,407 per unit in federal funding. The project, named "Community Help P," was completed in 1993, indicating nearly three decades of affordable housing presence in this zip code.
The housing inventory includes 2 efficiency units and 1 two-bedroom unit. The remaining 18 units' configurations are not specified in the data. This unit mix suggests an attempt to accommodate various household sizes and needs within the affordable housing development.
Zip code 18037 has experienced demographic shifts over the past decade. The population decreased slightly from 8,031 in 2019 to 7,567 in 2022. Median income fluctuated, peaking at $77,650 in 2021 before decreasing to $69,800 in 2022.
Racial demographics show gradual changes. The white population decreased from 83% in 2019 to 81% in 2022, while the Hispanic population increased from 10% to 15% during the same period. Other racial groups remained relatively constant.
No new LIHTC projects have been developed in the last decade, despite these demographic changes. This may be due to factors such as limited available land, local zoning regulations, or perceptions that existing affordable housing options are sufficient for the area's needs.
Zip code 18037 has a single LIHTC-funded affordable housing project serving the community since 1993. This project provides 21 low-income units, representing a small portion of the area's estimated housing inventory. The community has experienced modest demographic changes in recent years, including a slight population decrease and shifts in racial composition. Despite these changes, no new LIHTC projects have been developed in the past decade, suggesting other factors may influence affordable housing development in this area.
