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Affordable Housing in Zip Code 19464: A Focus on LIHTC Projects and Arts Community Support
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 19464, located in Pottstown, Pennsylvania, has a population of 48,202 as of 2022 and covers an area of 25.91 square miles. This zip code has a LIHTC-funded affordable housing inventory of 333 total units, with 323 designated as low-income units. Based on the estimated housing inventory of 18,468 units, the LIHTC-funded affordable housing comprises approximately 1.8% of the zip code's housing stock.
The LIHTC projects in zip code 19464 have received $1,989,864 in project tax credits, averaging about $5,975 per unit. This funding represents 0.33% of the total state LIHTC allocation. Affordable housing has been present in this zip code for nearly three decades, with the earliest project, Rolling Hills, completed in 1989, and the most recent, Beech Street Factory, finished in 2017. The 1990s saw the most activity in affordable housing development, with three projects completed during that decade.
The LIHTC-funded housing in zip code 19464 offers a range of unit types, including 112 one-bedroom units, 10 two-bedroom units, 84 three-bedroom units, and 28 four-bedroom units. This variety accommodates different household sizes and needs within the community. One notable project, Beech Street Factory, completed in 2017, specifically targets the Arts Community, providing specialized housing for artists and creative professionals.
Over the past decade, zip code 19464 has experienced steady population growth, increasing from 46,077 in 2013 to 48,202 in 2022. During this period, the median income fluctuated, starting at $65,747 in 2013, peaking at $74,996 in 2021, and then decreasing to $69,155 in 2022.
The racial composition of zip code 19464 has shown changes. The white population decreased from 80% in 2013 to 71% in 2022, while the Black population increased slightly from 12% to 14%. The Hispanic population grew from 4% to 8% during this period. These demographic shifts may indicate a growing need for diverse and affordable housing options.
Zip code 19464 in Pottstown, Pennsylvania, has an established LIHTC-funded affordable housing presence, with projects spanning nearly three decades. The current inventory covers a small percentage of the estimated housing stock but provides important housing options for low-income residents. The area has seen demographic changes, including population growth and increasing diversity, which may influence future affordable housing needs. The specialized focus of some projects, such as the Arts Community-targeted Beech Street Factory, demonstrates an effort to address specific community needs through affordable housing initiatives.
