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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 19061, located in Marcus Hook, Pennsylvania, contains a total of 80 LIHTC-funded affordable housing units, with 79 designated as low-income units. Based on the 2022 population of 19,091 and an estimated 7,315 housing units, the LIHTC-funded affordable housing comprises approximately 1.09% of the zip code's estimated housing inventory.
The LIHTC program has invested $422,836 in tax credits for affordable housing projects in zip code 19061. This equates to an average federal funding of $5,285 per unit. Zip code 19061 accounts for 0.07% of the total LIHTC funding allocated to Pennsylvania.
The affordable housing in zip code 19061 is represented by a single project, Park View At Naaman Creek, completed in 1998. This project has provided affordable housing options for over two decades. The housing mix includes 2 efficiencies, 69 one-bedroom units, and 9 two-bedroom units, accommodating various household sizes and needs.
Zip code 19061 has experienced demographic changes over the past decade. The population increased from 18,669 in 2013 to 19,091 in 2022, indicating a modest rise in housing demand. Median income has increased significantly, from $62,693 in 2013 to $78,230 in 2022, potentially affecting the need for affordable housing.
Racial demographics in zip code 19061 have shifted. The white population decreased from 81% in 2013 to 73% in 2022. The Asian population increased from 1% to 6%, while the Black population remained relatively stable, moving from 13% to 11%. The Hispanic population increased slightly from 3% to 4%.
No new LIHTC projects have been developed in zip code 19061 in the last decade, despite demographic changes. This may be due to various factors, including the rising median income, which might have reduced the perceived need for additional affordable housing units.
Zip code 19061 in Marcus Hook, Pennsylvania, has a modest LIHTC-funded affordable housing inventory, with 80 units primarily consisting of one-bedroom apartments. The single project, completed in 1998, represents a small but significant portion of the area's housing stock. Demographic trends show population growth and increasing median income, while the racial composition has become more diverse. The lack of recent LIHTC developments suggests that other factors, such as rising incomes or alternative affordable housing programs, may be influencing the affordable housing landscape in this zip code.