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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 15112, located in East Pittsburgh, Pennsylvania, contains a single Low-Income Housing Tax Credit (LIHTC) funded affordable housing project. This area has 31 low-income units, all of which are part of LIHTC funded projects. The estimated housing inventory is approximately 1,337 units based on the 2022 population, with LIHTC funded affordable housing covering about 2.32% of the zip code's housing stock.
The LIHTC program has invested $36,969 in tax credits for affordable housing projects in this zip code. This investment translates to an average federal funding of approximately $1,192 per unit. Zip code 15112 accounts for 0.01% of Pennsylvania's total LIHTC funding allocation.
The sole LIHTC funded project in this area is Linden Grove Apts, completed in 1988. This project marks the beginning of LIHTC's presence in the zip code, providing affordable housing for over three decades. All 31 units in this project are one-bedroom apartments, catering to individuals or small households.
Over the past decade, zip code 15112 has experienced demographic shifts. The population decreased from 3,900 in 2014 to 3,490 in 2022, a decline of about 10.5%. Despite this population decrease, the median income has shown an overall upward trend, rising from $34,873 in 2014 to $41,185 in 2022, an increase of approximately 18.1%.
The racial composition of the area has also changed significantly. The percentage of Black residents increased from 27% in 2014 to 44% in 2022, while the white population decreased from 67% to 49% during the same period. The Hispanic population remained relatively stable at around 1-2%.
These demographic changes, particularly the increase in median income, might suggest evolving housing needs in the area. However, the median income remains relatively low compared to national averages, indicating a continued need for affordable housing options.
Zip code 15112 has a single LIHTC funded project, Linden Grove Apts, which has been providing 31 one-bedroom affordable housing units since 1988. While this project covers only a small percentage of the estimated housing stock, it represents a long-standing commitment to affordable housing in the area. The zip code has experienced demographic shifts over the past decade, including a decrease in population, an increase in median income, and significant changes in racial composition. Despite the increase in median income, the continued relatively low income levels suggest an ongoing need for affordable housing options in this area.