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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 19007, located in Bristol, Pennsylvania, has a population of 23,355 as of 2022. This area has a total of 17 affordable housing units funded through the Low-Income Housing Tax Credit (LIHTC) program, all of which are designated as low-income units. Based on the estimated housing inventory of 8,948 units, LIHTC-funded affordable housing represents approximately 0.19% of the total housing stock in this zip code.
The LIHTC projects in this zip code have received $120,487 in tax credits, averaging about $7,087 per unit. This funding represents 0.02% of the total LIHTC credits allocated in Pennsylvania. Affordable housing has been present in this zip code since 1988, with the most recent project completed in 1991, spanning a period of 3 years.
The 1980s and 1990s saw the development of LIHTC-funded affordable housing in this area. Notable projects include "1306-08 Ashby Ave" completed in 1988 and "Silverlake Apts" finished in 1991. The housing inventory consists primarily of two-bedroom units (12) and three-bedroom units (5), catering to small families and individuals.
Over the past decade, the zip code has experienced population growth, increasing from 21,732 in 2016 to 23,355 in 2022. Median income has also risen significantly, from $50,803 in 2016 to $66,747 in 2022, indicating improving economic conditions for residents.
Racial demographics have shown slight shifts, with the white population decreasing from 65% in 2016 to 61% in 2022. The Hispanic population has grown from 13% to 14%, while the Asian population has remained stable at around 3%. The Black population has seen a slight decrease from 15% to 14% during this period.
Despite these demographic changes and income improvements, no new LIHTC projects have been developed in the last decade. This could be due to various factors, including the relatively small size of the zip code, changing priorities in affordable housing development, or the possibility that other housing assistance programs are meeting the area's needs.
Zip code 19007 has a modest LIHTC-funded affordable housing inventory, representing a small fraction of its total housing stock. The existing projects, developed in the late 1980s and early 1990s, provide 17 low-income units. While the area has seen population growth and increased median income over the past decade, there has not been recent LIHTC development activity. The demographic shifts and economic improvements may have influenced affordable housing needs and development priorities in this zip code.