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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 18411 in Pennsylvania, which includes the Chinchilla area, features Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The zip code contains 115 LIHTC units, with 114 designated as low-income. Based on the 2022 population of 22,173 and an estimated 8,495 housing units, LIHTC-funded affordable housing comprises approximately 1.35% of the zip code's estimated housing inventory.
The LIHTC projects in zip code 18411 have received $381,615 in tax credits, averaging about $3,318 per unit. This funding represents 0.06% of Pennsylvania's total LIHTC allocations. The zip code has two LIHTC-funded projects: Bedford Towers Apartments, completed in 2011, and Linden Crest Apartments, with an undisclosed completion year. This indicates that affordable housing has been present in the area for at least a decade.
The LIHTC inventory in zip code 18411 consists primarily of one-bedroom and two-bedroom units, with 11 one-bedroom and 5 two-bedroom units recorded. This unit mix suggests a focus on housing for smaller households or individuals.
Over the past decade, the population of zip code 18411 has remained relatively stable, fluctuating between 21,294 and 22,345 residents. The median income has shown an overall upward trend, increasing from $81,913 in 2013 to $85,291 in 2022, with a peak of $92,845 in 2021. This income growth may indicate a changing economic landscape in the area.
Racial demographics in zip code 18411 have shown slight shifts, with the white population decreasing from 95% in 2013 to 89% in 2022. There have been small increases in Asian, Hispanic, and multiracial populations, suggesting a gradual diversification of the community. These demographic changes could influence future affordable housing needs and development patterns in the zip code.
Zip code 18411 has a modest LIHTC-funded affordable housing presence, covering about 1.35% of its estimated housing inventory. The area has seen investment in affordable housing through two LIHTC projects, with the most recent development completed in 2011. While the population has remained relatively stable, there have been notable increases in median income and slight shifts in racial demographics over the past decade. These factors may influence future affordable housing needs and development in the zip code.