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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 18704, located in Kingston, Pennsylvania, has a population of 32,387 as of 2022. This area has a notable presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing, with a total of 211 units, including 21 designated low-income units. Based on an estimated housing inventory of approximately 12,409 units, the LIHTC-funded affordable housing covers about 1.7% of the zip code's housing stock.
The LIHTC program has allocated $870,047 in tax credits to projects in this zip code, averaging about $4,124 per unit. This investment represents 0.15% of the total LIHTC funding for Pennsylvania, indicating a modest but significant contribution to the state's affordable housing efforts.
The Daniel J Flood Tower Apartments, completed in 2016, is a notable project in the area. It is the only project with a specified completion date, suggesting it may be the most recent addition to the affordable housing inventory in this zip code. This project alone accounts for all 211 LIHTC-funded units in the area, including 15 efficiencies, 195 one-bedroom units, and 1 two-bedroom unit.
The Daniel J Flood Tower Apartments is specifically targeted towards seniors. This focus on senior housing suggests a recognition of the unique housing needs of the older population in the area, potentially addressing issues such as accessibility, community support, and fixed-income constraints.
Over the past decade, the zip code has experienced some demographic shifts. The population has remained relatively stable, with a slight decrease from 32,064 in 2015 to 32,387 in 2022. Median income has shown an overall upward trend, increasing from $51,401 in 2015 to $56,470 in 2022, which might indicate improving economic conditions for some residents.
Racial demographics have also shifted slightly. The white population has decreased from 90% in 2015 to 85% in 2022, while the Hispanic population has increased from 3% to 8% during the same period. The black population has remained relatively stable at 3-4%, and the Asian population has consistently been around 1%.
The completion of the Daniel J Flood Tower Apartments in 2016 coincides with a period of demographic change, potentially responding to evolving housing needs in the community, particularly for the senior population.
Zip code 18704 in Kingston, Pennsylvania, has a modest but significant LIHTC-funded affordable housing presence, covering about 1.7% of the estimated housing stock. The area has received nearly $870,000 in tax credits, primarily invested in senior housing through the Daniel J Flood Tower Apartments. While this investment addresses some affordable housing needs, particularly for seniors, it represents a small portion of the overall housing market in the zip code. The area has experienced slight demographic shifts over the past decade, including an increase in median income and growing diversity, which may influence future affordable housing needs and development.