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Affordable Housing in Zip Code 19030: A Single LIHTC Project in Fairless Hills
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 19030, representing Fairless Hills, Pennsylvania, is a suburban community with a population of 17,185 as of 2022. The Low-Income Housing Tax Credit (LIHTC) program has funded affordable housing in this area, contributing 6 total units, all of which are designated as low-income units. Based on the estimated housing inventory of 6,584 units, LIHTC-funded affordable housing covers approximately 0.09% of the zip code's housing stock.
The LIHTC program has invested $448,008 in tax credits for affordable housing projects in this zip code. This translates to an average federal funding of $74,668 per unit. The zip code holds 0.07% of Pennsylvania's total LIHTC funding, indicating a relatively small share of the state's affordable housing investments.
Grundy Gardens Senior Housing II, completed in 2001, represents the sole LIHTC-funded project in the area. This project has been providing affordable housing options for over two decades. All 6 units in this development are one-bedroom apartments, suggesting a focus on accommodating single residents or small households.
Over the past decade, the zip code has experienced some demographic shifts. The population has grown from 15,339 in 2015 to 17,185 in 2022, indicating a steady increase in residents. Median income has also risen, from $70,434 in 2015 to $78,045 in 2022, suggesting improved economic conditions for some residents.
Racial distribution has remained relatively stable, with a slight decrease in the white population from 85% in 2015 to 84% in 2022. There have been small increases in Hispanic and Asian populations, rising from 3% to 6% and 4% to 3% respectively over the same period.
Despite these demographic changes, there has not been an increase in LIHTC-funded affordable housing projects in the last decade. This could be due to various factors, including the rising median income or the existence of other affordable housing programs not captured in this data.
Zip code 19030 has a single LIHTC-funded affordable housing project, Grundy Gardens Senior Housing II, which has been serving the community since 2001. While this project provides 6 low-income units, it represents a small fraction of the estimated housing inventory. The area has seen population growth and increased median income over the past decade, which may influence the perceived need for additional affordable housing. However, the complete affordable housing landscape may include other programs and initiatives not reflected in this LIHTC-specific analysis.
