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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The zip code 15201 in Pittsburgh, Pennsylvania, exhibits a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. This area contains 262 total units in LIHTC funded projects, with 221 of these designated as low-income units. Based on the 2022 population of 12,958 and an estimated 4,965 housing units, the LIHTC funded affordable housing comprises approximately 5.3% of the zip code's housing inventory.
The LIHTC projects in zip code 15201 have received $1,564,987 in tax credits, averaging about $5,973 per unit. This funding represents 0.26% of the total LIHTC allocation for Pennsylvania, indicating a substantial investment in affordable housing for this specific area.
Affordable housing has been a component of this zip code for over three decades. The first LIHTC project, Ohara Place Apts, was completed in 1988, while the most recent, Doughboy Apts, was finished in 2014. The 1980s saw the completion of two projects, with additional developments in 2010 and 2014, demonstrating a continued commitment to affordable housing over time.
The housing mix in these LIHTC projects is diverse, with a majority being one-bedroom units (152), followed by two-bedroom units (52), and a small number of three-bedroom units (2). This distribution suggests a focus on housing for smaller households or individuals.
Over the past decade, zip code 15201 has experienced some demographic shifts. The population has remained relatively stable, with a slight increase from 12,466 in 2012 to 12,958 in 2022. However, the median income has seen a significant rise, growing from $47,490 in 2013 to $70,307 in 2022, potentially indicating gentrification or economic growth in the area.
Racial demographics have also evolved in zip code 15201. The white population has increased slightly from 68% in 2013 to 76% in 2022, while the Black population has decreased from 25% to 16% over the same period. The Asian and Hispanic populations have remained relatively constant at around 2% each.
The most recent LIHTC project in zip code 15201 was completed in 2014, coinciding with the beginning of the observed income growth. The lack of new LIHTC projects since then could be related to the rising median income and changing demographics, potentially reducing the perceived need for additional affordable housing in the area.
Zip code 15201 in Pittsburgh has an established foundation of LIHTC funded affordable housing, covering about 5.3% of the estimated housing inventory. The area has seen a significant increase in median income and some shifts in racial demographics over the past decade. While LIHTC projects have been consistently developed from the late 1980s through 2014, no new projects have been completed in recent years. This analysis provides insights into the affordable housing landscape of zip code 15201, reflecting both its historical commitment to affordable housing and its changing socioeconomic characteristics.