Loading Content...
Affordable Housing Analysis in Pittsburgh's Zip Code 15212: Three Decades of LIHTC Projects
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 15212 in Pittsburgh, Pennsylvania, demonstrates a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. This area contains 276 total units in LIHTC-funded projects, with 109 designated as low-income units. Based on the 2022 population of 27,608 and an estimated 10,578 housing units, LIHTC-funded affordable housing represents approximately 2.61% of the zip code's estimated housing inventory.
The LIHTC projects in zip code 15212 have received $1,161,488 in project tax credits, averaging about $4,208 per unit. This funding represents 0.19% of the total LIHTC credits allocated in Pennsylvania, indicating a notable investment in affordable housing for this specific area.
Affordable housing has been a consistent feature in zip code 15212, with projects dating back to 1988. The earliest recorded project, "1006 Salter Way," was completed in 1988, while the most recent known completion was "Allegheny Dwellings Ph I" in 2018, spanning three decades of affordable housing development.
The 1980s saw the initiation of affordable housing projects in this area, with two projects completed in 1988 and 1989. The 2000s were particularly active, with three projects completed between 2002 and 2007, including "St Georges Close," "Widows Home," and "West Park Court."
The LIHTC-funded projects in zip code 15212 offer a diverse range of unit types, with a predominance of one-bedroom units (173), followed by two-bedroom units (79), and a smaller number of three-bedroom units (19). This distribution suggests a focus on accommodating smaller households and families.
Over the past decade, zip code 15212 has experienced demographic shifts. The population declined from 28,763 in 2013 to 27,608 in 2022, a decrease of about 4%. Despite this population decrease, the median income has shown a significant increase, rising from $39,316 in 2013 to $50,320 in 2022, representing a 28% growth.
The racial composition of the area has remained relatively stable, with a slight decrease in the white population from 64% in 2013 to 62% in 2022, and a small decrease in the Black population from 30% to 28% over the same period. There has been a minor increase in racial diversity, with slight growth in Asian, Hispanic, and multi-racial populations.
The completion of the "Allegheny Dwellings Ph I" project in 2018 aligns with a period of rising median income and subtle demographic shifts, possibly addressing changing housing needs in the community.
Zip code 15212 in Pittsburgh demonstrates a consistent commitment to affordable housing through LIHTC-funded projects over the past three decades. While these projects cover a small percentage of the estimated housing inventory, they represent a significant investment in the community. The area has experienced moderate demographic changes, including a slight population decrease but substantial median income growth. The diversity of unit types in LIHTC projects suggests an effort to meet varied housing needs within the community. These trends and the continued development of affordable housing projects indicate an ongoing focus on maintaining accessible housing options in this evolving urban area.
