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Affordable Housing Analysis in Zip Code 15221: A Decades-Long LIHTC Investment
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 15221 in Pennsylvania, covering 5.99 square miles, has a population of 28,806 as of 2022. This area contains a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory, totaling 318 units, with 292 designated as low-income. The LIHTC-funded housing represents approximately 2.88% of the estimated 11,037 housing units in the zip code.
The LIHTC projects in zip code 15221 have received $4,312,682 in tax credits, averaging $13,562 in federal funding per unit. This zip code accounts for 0.72% of Pennsylvania's total LIHTC funding, indicating a notable concentration of affordable housing investment in the area.
Affordable housing development in zip code 15221 spans several decades, with the earliest recorded projects dating back to 1988 and the most recent completed in 2016. The 1980s saw the initiation of LIHTC projects with "908 W St" and "1021 Lawndale St" both completed in 1988. The 2000s were particularly active for affordable housing development, with multiple projects completed, including "Dumplin Hall" and "Generations" in 2006, followed by "Marian Plaza," "Second East Hills Phase III," and "Bedford Hill Apts II" in 2008. The most recent project, "Falconhurst Restoration," was completed in 2016.
The affordable housing inventory in zip code 15221 offers a diverse range of unit types. It includes 17 efficiencies, 122 one-bedroom units, 120 two-bedroom units, 45 three-bedroom units, and 4 four-bedroom units. This distribution caters to various household sizes and needs within the low-income population.
Over the past decade, the population in zip code 15221 has shown a slight decline, decreasing from 30,278 in 2013 to 28,806 in 2022. Despite this population decrease, the median income has increased from $44,863 in 2013 to $49,368 in 2022, indicating some economic improvement in the area.
The racial composition of zip code 15221 has remained relatively stable, with a slight decrease in the Black population from 48% in 2013 to 44% in 2022, and a small increase in the White population from 46% to 47% over the same period. The Hispanic population has grown from 1% to 3%, while the Asian population has remained steady at around 1-2%.
Zip code 15221 in Pennsylvania has a substantial LIHTC-funded affordable housing inventory, covering nearly 3% of its estimated housing stock. The area has seen continuous investment in affordable housing over several decades, with significant development activity in the 2000s. The diverse range of unit types suggests an effort to accommodate various household sizes within the low-income population. While the overall population has slightly decreased, the median income has risen, and there have been minor shifts in racial composition. These demographic changes, coupled with the consistent development of affordable housing, reflect the ongoing efforts to address housing needs in this community.
