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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 15227, located in Baldwin, Pennsylvania, features a LIHTC funded affordable housing inventory. The area has 128 total units in LIHTC funded projects, with 117 designated as low-income units. Based on the 2022 population of 26,995 and an estimated 10,343 housing units, the LIHTC funded affordable housing covers approximately 1.24% of the zip code's estimated housing inventory.
The LIHTC projects in this zip code have received $1,156,380 in project tax credits, averaging $9,034 in federal funding per unit. This represents 0.19% of Pennsylvania's total LIHTC funding, indicating a modest investment in affordable housing for this area.
Affordable housing has been present in this zip code since 1995, with the completion of the Apartments At Whitehall. The most recent project, Hillcrest Senior Residences, was completed in 2017, demonstrating a 22-year span of LIHTC-funded development in the area. The 2010s saw the most recent affordable housing project completion.
The housing unit breakdown shows a preference for smaller units, with 57 one-bedroom and 43 two-bedroom units. This distribution suggests a focus on accommodating smaller households or individuals.
Over the past decade, the zip code's population has remained relatively stable, fluctuating between 25,703 and 27,619 residents. The median income has shown a gradual increase, rising from $55,830 in 2013 to $62,452 in 2022, indicating an improving economic situation for residents.
Racial demographics have shifted slightly, with the white population decreasing from 89% in 2013 to 81% in 2022. There have been small increases in Asian, Black, and Hispanic populations, suggesting growing diversity in the area.
The completion of Hillcrest Senior Residences in 2017 aligns with the demographic trend of an aging population, as evidenced by the focus on one-bedroom units suitable for seniors or small households.
Zip code 15227 has a modest LIHTC-funded affordable housing presence, covering about 1.24% of the estimated housing inventory. The area has seen two LIHTC projects over 22 years, with the most recent focusing on senior housing. While the affordable housing stock is limited compared to the total housing estimate, it represents a consistent effort to provide low-income housing options. The gradual increase in median income and slight diversification of the population over the past decade suggest evolving housing needs that may influence future affordable housing developments in the area.