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Affordable Housing Analysis in West View, Pennsylvania: Zip Code 15229's LIHTC Inventory
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
West View, Pennsylvania, zip code 15229, contains a notable Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The area has 151 total units in LIHTC-funded projects, with 86 of these designated as low-income units. Based on the 2022 population of 14,569 and an estimated 5,582 housing units, the LIHTC-funded affordable housing comprises approximately 2.7% of the zip code's estimated housing inventory.
The LIHTC projects in zip code 15229 have received $1,272,319 in project tax credits, averaging about $8,426 per unit. This funding represents 0.21% of Pennsylvania's total LIHTC credits, indicating a modest investment in affordable housing for this area. Affordable housing has been present in this zip code since 1987, with the most recent project completed in 2015, spanning nearly three decades of development.
The LIHTC-funded projects in zip code 15229 offer a range of unit types. There is 1 efficiency unit, 59 one-bedroom units, 86 two-bedroom units, and 5 three-bedroom units. This distribution suggests a focus on accommodating smaller households and families.
Over the past decade, zip code 15229 has experienced population growth, increasing from 12,665 in 2017 to 14,569 in 2022. The median income has also risen, from $69,161 in 2017 to $76,081 in 2022. Racial demographics have shown a slight shift, with the white population decreasing from 95% in 2017 to 88% in 2022, while other racial groups have seen small increases.
The completion of Ross Presbyterian Sr Housing in 2015 indicates a continued need for affordable housing, particularly for seniors. This project aligns with the demographic trends, potentially addressing the needs of an aging population in the area.
The LIHTC program has contributed to providing affordable housing in zip code 15229 over the past three decades. While the current inventory covers a small percentage of the estimated housing units, it offers options for low-income residents. The area has seen recent population growth and income increases, yet the continued development of affordable housing suggests an ongoing need to maintain a diverse and inclusive community. The focus on senior housing in the most recent project reflects an understanding of changing demographic needs in the area.
