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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 15131, located in White Oak, Pennsylvania, contains Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The area has 67 units in LIHTC-funded projects, with 52 designated as low-income units. Based on the 2022 population of 7,866 and the national average household size, the estimated housing inventory in this zip code is 3,014 units. The LIHTC-funded affordable housing comprises 2.22% of the estimated housing inventory in the zip code.
The LIHTC program has invested in this zip code, with project tax credits totaling $403,733. This equates to an average federal funding of $6,026 per unit in LIHTC-funded projects. Zip code 15131 accounts for 0.07% of the total LIHTC funding allocated to Pennsylvania. The affordable housing in this zip code is represented by a single project named "Oaks," completed in 2002. This project has provided affordable housing options for over two decades. The Oaks project consists of 67 total units, including 4 one-bedroom and 12 two-bedroom units, serving diverse household sizes within the low-income population.
Demographic shifts in the zip code may correlate with the presence of LIHTC-funded housing. The population has decreased from 8,386 in 2015 to 7,866 in 2022. Median income has fluctuated, with the most recent data showing $53,849 in 2022, down from $62,927 in 2015. Racial demographics have remained relatively stable, with the white population consistently comprising over 90% of residents. There has been a small increase in racial diversity, with the Black population growing from 3% to 4% between 2015 and 2022, and the proportion of residents identifying as two or more races increasing to 3% by 2022.
The LIHTC program has made a modest but significant contribution to affordable housing in zip code 15131. The single project, Oaks, covers a small percentage of the estimated housing inventory but provides essential low-income units in the area. The stable racial demographics and fluctuating median income suggest an ongoing need for affordable housing options. As the community continues to evolve, monitoring these trends will be crucial for assessing future affordable housing needs in the zip code.