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Affordable Housing in Zip Code 18960: Analysis of LIHTC-Funded Inventory in Sellersville, Pennsylvania
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 18960, located in Sellersville, Pennsylvania, contains a specific Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. This area has 23 affordable housing units, all of which are designated as low-income units. These units constitute approximately 0.50% of the estimated 4,593 housing units in the zip code, based on the 2022 population and national average household size.
The LIHTC program has invested in this zip code, with project tax credits totaling $3,380,824. This equates to an average federal funding of $146,992 per unit. Zip code 18960 accounts for 0.57% of Pennsylvania's total LIHTC funding, indicating a substantial investment in affordable housing for the area.
The single LIHTC project in this zip code is Penn Villa, completed in 2011. This project represents the entirety of LIHTC-funded affordable housing in the area, demonstrating over a decade of affordable housing presence. Penn Villa consists of 23 efficiency units, providing compact living spaces for low-income residents.
Over the past decade, zip code 18960 has experienced demographic shifts. The population has remained relatively stable, with a slight decrease from 12,046 in 2010 to 11,988 in 2022. Median income has shown an upward trend, rising from $80,214 in 2013 to $87,409 in 2022, indicating overall economic growth in the area.
Racial demographics have also changed. The white population has decreased from 93% in 2013 to 87% in 2022, while diversity has increased slightly. The Hispanic population grew from 1% to 3%, and those identifying as two or more races increased from 2% to 5% during this period.
These demographic changes, particularly the rise in median income, may suggest a shifting landscape for affordable housing needs in zip code 18960. The stable population coupled with income growth could indicate a reduced demand for additional LIHTC projects in recent years.
Zip code 18960 has a focused LIHTC-funded affordable housing inventory, consisting of one project with 23 efficiency units. While this represents a small portion of the estimated housing stock, it has provided consistent affordable housing options for over a decade. The significant per-unit federal investment and the zip code's share of state LIHTC funding underscore the importance placed on affordable housing in this area. As the community continues to evolve demographically and economically, ongoing assessment of affordable housing needs will be crucial to ensure appropriate support for low-income residents.
