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Affordable Housing in Zip Code 19053: Analysis of LIHTC Project and Demographic Shifts
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 19053, located in Trevose, Pennsylvania, contains one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project. This project, Somerton Court Senior, provides 60 affordable units, including 6 low-income units. The 2022 population of 27,811 and the national average household size of 2.61 suggest approximately 10,656 housing units in this zip code. LIHTC funded affordable housing comprises about 0.56% of the estimated housing inventory in the area.
The LIHTC program has invested $1,448,898 in tax credits for affordable housing in zip code 19053. This equates to an average federal funding of $24,148 per unit. This zip code accounts for 0.24% of the total LIHTC funding allocated to Pennsylvania.
Somerton Court Senior, completed in 2013, is the only LIHTC-funded project in zip code 19053. This development has offered affordable housing options for nearly a decade. The project consists of 54 one-bedroom units and 6 two-bedroom units, primarily serving smaller households.
The population in zip code 19053 has grown steadily over the past decade, increasing from 25,561 in 2013 to 27,811 in 2022. The median income has risen from $84,671 in 2013 to $91,361 in 2022, indicating overall economic improvement in the area.
Racial demographics in zip code 19053 have changed slightly during this period. The white population has decreased from 88% in 2013 to 80% in 2022. There have been increases in Asian (2% to 7%), Black (3% to 4%), and Hispanic (2% to 3%) populations. The proportion of residents identifying as two or more races has increased from less than 1% to 6%.
These demographic changes, along with the rising median income, suggest a gradually diversifying community with improving economic conditions. The limited LIHTC development in recent years may be partially attributed to the area's relatively high median income, which could indicate less demand for low-income housing compared to other regions.
Zip code 19053 in Trevose, Pennsylvania, has one LIHTC-funded affordable housing project, Somerton Court Senior, completed in 2013. This development provides 60 affordable units, including 6 low-income units, accounting for a small portion of the estimated housing inventory. The area has experienced population growth, increasing median income, and gradual racial diversification over the past decade. The LIHTC investment, while modest, contributes to the affordable housing landscape in this evolving community.
