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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 15233 in Pittsburgh, Pennsylvania, contains Low-Income Housing Tax Credit (LIHTC) funded affordable housing. This area has 45 total units in LIHTC funded projects, with 27 designated as low-income units. Based on the 2022 population of 2,857 and estimated 1,095 housing units, LIHTC funded affordable housing comprises approximately 4.1% of the zip code's estimated housing inventory.
The LIHTC projects in this zip code have received $611,610 in project tax credits, averaging about $13,591 per unit when divided by the total number of LIHTC funded units. This funding represents 0.1% of Pennsylvania's total LIHTC allocations, indicating a modest investment in affordable housing for this specific area.
Zip code 15233 has three LIHTC funded projects: Manchester Hope, Manchester Hope Phase II, and Manchester Phase III. The first two projects were completed in 1999, marking over two decades of affordable housing presence in the area. The 1990s saw the most affordable housing development in this zip code.
The LIHTC projects in this area include 12 two-bedroom units, 22 three-bedroom units, and 11 four-bedroom units. This distribution suggests a focus on accommodating families and larger households.
Over the past decade, the zip code has experienced demographic shifts. The population has decreased from 4,396 in 2017 to 2,857 in 2022, a decline of about 35%. Despite this population decrease, the median income has remained relatively stable, fluctuating between $47,215 and $52,499 in recent years.
Racial demographics have shown slight changes. The Black population percentage has decreased from 51% in 2017 to 48% in 2022, while the White population has increased from 43% to 44% during the same period. The percentage of residents identifying as two or more races has increased from 3% to 6%.
Zip code 15233 in Pittsburgh has an established LIHTC funded affordable housing presence, covering about 4.1% of the estimated housing inventory. The area received LIHTC investment in the late 1990s, resulting in 45 total units across three projects. Despite a declining population over the past decade, median income has remained relatively stable, suggesting ongoing need for affordable housing options. The unit mix, predominantly featuring two to four-bedroom apartments, appears to cater to families and larger households in the community.