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Affordable Housing Landscape in Zip Code 17032: LIHTC Projects 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
The 17032 zip code in Pennsylvania, which includes Halifax, contains 46 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. All of these units are designated as low-income. Based on the 2022 population of 7,556 and an estimated 2,895 housing units, LIHTC funded affordable housing comprises approximately 1.59% of the zip code's estimated housing inventory.
LIHTC projects in this zip code have received $899,765 in project tax credits, averaging about $19,560 per unit. This funding represents 0.15% of Pennsylvania's total LIHTC allocation. Affordable housing has been present in this zip code for over two decades. The first LIHTC project, Valley View Assoc, was completed in 1991, while the most recent, Quail Commons, was finished in 2013. The 1990s saw the most affordable housing development, with two projects completed during that decade.
The affordable housing inventory in this zip code consists of 5 one-bedroom units, 17 two-bedroom units, and 24 three-bedroom units. This distribution suggests a focus on accommodating families of various sizes, with a particular emphasis on larger households.
Over the past decade, the population in zip code 17032 has fluctuated, peaking at 8,414 in 2013 and declining to 7,556 by 2022. Despite this population decrease, the median income has generally trended upward, reaching $68,561 in 2022. This income growth might indicate changing economic conditions in the area.
The racial composition of the zip code has remained predominantly white, though there has been a slight increase in diversity. The percentage of white residents decreased from 98% in 2015 to 93% in 2022, with small increases in Asian, Hispanic, and multiracial populations.
The most recent LIHTC project, Quail Commons, was completed in 2013, coinciding with the peak population year. Since then, there have been no new LIHTC projects, which could be related to the subsequent population decline and increasing median income, potentially reducing the perceived need for additional affordable housing.
The 17032 zip code has an established affordable housing presence through the LIHTC program, with 46 units across three projects built between 1991 and 2013. While these units represent a small percentage of the estimated housing inventory, they provide important affordable options, particularly for larger families. The area has experienced demographic shifts in recent years, including population decline and income growth, which may have influenced the lack of new LIHTC developments since 2013. This analysis provides insights into the affordable housing landscape of this Pennsylvania zip code, reflecting both historical investments and changing community needs.
