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Affordable Housing Analysis in Pennsylvania Zip Code 15022: LIHTC Investment and Demographic Trends
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 15022 in Pennsylvania, which includes Twilight, has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 54 units. All these units are designated as low-income units. Based on the 2022 population of 10,018 and an estimated 3,838 housing units, LIHTC-funded affordable housing comprises approximately 1.41% of the zip code's estimated housing inventory.
The LIHTC program has invested $401,930 in project tax credits in this zip code, averaging $7,443 per unit in federal funding. This zip code accounts for 0.07% of Pennsylvania's total LIHTC funding allocation. Affordable housing has been present in this community for over two decades, with the first LIHTC project, Crest Avenue Apts, completed in 1996 and the most recent, Fifth Street Place, finished in 2002. The 1990s saw the most affordable housing development activity in this zip code.
All 54 LIHTC-funded units in this area are one-bedroom apartments, suggesting a focus on accommodating single individuals or small households. The two LIHTC projects, Crest Avenue Apts and Fifth Street Place, contribute 42 and 12 units respectively to the affordable housing stock.
Over the past decade, zip code 15022 has experienced some demographic shifts. The population increased slightly from 9,585 in 2019 to 10,018 in 2022. Median income showed an overall upward trend, rising from $48,686 in 2019 to $47,623 in 2022, with fluctuations in between. Racial distribution remained predominantly white, decreasing from 91% in 2019 to 89% in 2022. The area saw small increases in diversity, with slight growth in the Black, Hispanic, and multiracial populations.
No new LIHTC projects have been developed in the last decade despite these demographic changes. This could be due to the relatively stable population and increasing median income, which might suggest a reduced need for additional affordable housing units.
Zip code 15022 has a modest LIHTC-funded affordable housing inventory, with 54 one-bedroom units across two projects. These units represent a small but important portion of the area's estimated housing stock. The LIHTC program has invested over $400,000 in this community, contributing to Pennsylvania's overall affordable housing efforts. This analysis provides a snapshot of the area's affordable housing landscape and its relationship to demographic changes over time.
