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Affordable Housing Insights: LIHTC Projects in Zip Code 17961, Orwigsburg
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
This study examines the Low-Income Housing Tax Credit (LIHTC) program's impact on affordable housing in zip code 17961, Orwigsburg, Pennsylvania. As of 2022, this zip code has a population of 6,294. LIHTC-funded projects have contributed to the area's housing inventory, with 36 total units, of which 18 are designated as low-income units. Based on an estimated 2,411 housing units in the zip code, LIHTC-funded affordable housing comprises approximately 1.49% of the area's housing inventory.
LIHTC projects in this zip code have received $573,128 in tax credits for affordable housing development, averaging $15,920 per unit in federal funding. The zip code accounts for 0.1% of the total state LIHTC funding, indicating a relatively small portion of Pennsylvania's overall affordable housing investment.
The LIHTC program has been active in this area for 28 years, with the first project, Applewood II, completed in 1988, and the most recent, Independence Square, finished in 2016. This span demonstrates a long-term commitment to affordable housing in the zip code. The LIHTC-funded projects offer a mix of unit types, with 13 one-bedroom units and 7 two-bedroom units, suggesting a focus on housing for smaller households or individuals.
The population in zip code 17961 has remained relatively stable over the past decade, decreasing slightly from 6,317 in 2013 to 6,294 in 2022. During this period, the median income has shown an overall increase, rising from $66,346 in 2013 to $72,968 in 2022, indicating a changing economic landscape in the area.
The racial composition of zip code 17961 has remained predominantly white, consistently accounting for about 93-94% of the population throughout the past decade. There has been a slight increase in diversity, with the percentage of residents identifying as two or more races growing from 0% in 2013 to 5% in 2022.
In conclusion, the analysis of LIHTC-funded affordable housing in zip code 17961 reveals a modest but long-standing presence of affordable housing options. While LIHTC projects cover a small percentage of the estimated housing inventory, they represent a consistent effort to provide affordable housing over nearly three decades. The area has experienced stable population levels and increasing median incomes, which may influence future affordable housing needs. The racial composition has remained largely unchanged, with a slight increase in diversity in recent years. These demographic trends, coupled with the existing LIHTC inventory, provide valuable insights for considering future affordable housing initiatives in this zip code.
