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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 15146 in Monroeville, Pennsylvania, contains 48 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units, with 39 designated as low-income units. This zip code spans 19.62 square miles and had a population of 28,768 in 2022. Using the national average household size of 2.61, the estimated housing inventory for this zip code is approximately 11,022 units. The LIHTC-funded affordable housing constitutes about 0.44% of the estimated housing inventory in this zip code.
The LIHTC projects in zip code 15146 received $431,238 in tax credits, averaging approximately $8,984 per unit. This zip code accounts for 0.07% of the total state LIHTC funding, indicating a relatively small portion of Pennsylvania's affordable housing investment.
Two LIHTC-funded projects exist in this zip code. Monroe Meadows, completed in 2002, is the earliest known affordable housing development in the area. This project comprises 48 units, including 24 two-bedroom and 24 three-bedroom apartments. The 2000s decade experienced the most affordable housing development in this zip code.
The population in zip code 15146 has remained relatively stable over the past decade, decreasing slightly from 28,776 in 2014 to 28,768 in 2022. The median income has shown an overall upward trend, increasing from $66,517 in 2014 to $74,122 in 2022, with some fluctuations in between.
Racial demographics have remained fairly consistent, with a slight decrease in the white population from 78% in 2014 to 72% in 2022. The Black population has remained around 12-13%, while the Asian population has increased slightly from 5% to 7%. The Hispanic population has grown from 1% to 3% during this period.
The stability in population and the increase in median income may suggest a reduced need for additional affordable housing in recent years. However, the slight shifts in racial demographics could indicate changing housing needs for different communities.
Zip code 15146 in Monroeville has a modest LIHTC-funded affordable housing inventory, representing less than 1% of its estimated housing stock. The area received a small portion of Pennsylvania's LIHTC funding, with two projects providing 48 units of affordable housing. There has been no new LIHTC development in the last decade, coinciding with stable population levels and increasing median income. The changing racial demographics suggest that ongoing assessment of affordable housing needs may be beneficial to ensure the community's evolving needs are met.