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Affordable Housing in Zip Code 19533: LIHTC's Impact on Leesport
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 19533, located in Leesport, Pennsylvania, contains a unique Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The area encompasses 15.68 square miles and had a population of 6,861 in 2022. The zip code's total affordable housing units number 45, all of which are designated as low-income units. These LIHTC funded units represent approximately 1.71% of the estimated total housing stock of 2,629 units in the zip code.
The LIHTC program has allocated $319,173 in project tax credits to zip code 19533. This equates to an average federal funding of $7,093 per unit, with the zip code accounting for 0.05% of the total LIHTC funding in Pennsylvania. The affordable housing inventory in this zip code consists of a single project, Southgate At West Ridge, which was completed in 2003 and has been providing affordable housing options for nearly two decades.
The housing unit breakdown in zip code 19533 shows a predominance of one-bedroom units, with 35 such units available, and one two-bedroom unit. This distribution suggests a focus on housing for smaller households or individuals. The project's completion date of 2003 indicates that no new LIHTC developments have been added to the area in recent years.
Demographic trends in zip code 19533 over the past decade reveal some notable shifts. The population has remained relatively stable, increasing slightly from 6,691 in 2015 to 6,861 in 2022. However, the median income has seen a significant rise, growing from $72,317 in 2015 to $92,002 in 2022, indicating an overall improvement in economic conditions for the area.
Racial demographics in zip code 19533 have remained fairly consistent, with a slight decrease in the white population from 85% in 2015 to 84% in 2022. There has been a small increase in diversity, with slight growth in the Asian and Black populations, and a minor decrease in the Hispanic population. These demographic trends, particularly the rising median income, may partially explain why no new LIHTC projects have been developed in the area since 2003.
The zip code 19533 in Leesport, Pennsylvania, maintains a modest LIHTC funded affordable housing inventory, consisting of 45 units in one project completed in 2003. This represents a small portion (1.71%) of the estimated total housing stock. The area has experienced economic growth over the past decade, with rising median incomes and stable population levels. While the racial composition remains predominantly white, there has been a slight increase in diversity. These factors may have influenced the lack of new LIHTC developments in recent years. The existing affordable housing continues to serve lower-income residents in this evolving community.
