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Affordable Housing Analysis in Zip Code 15332: A Three-Decade-Old LIHTC Project in Jefferson Hills, Pennsylvania
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 15332, located in Jefferson Hills, Pennsylvania, has a population of 8,648 as of 2022. This area has one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project, providing a total of 36 affordable units, all of which are designated as low-income units. Based on the estimated housing inventory of 3,313 units, the LIHTC funded affordable housing covers approximately 1.09% of the zip code's housing stock.
The LIHTC program has invested $67,044 in tax credits for affordable housing in this zip code. This translates to an average federal funding of $1,862 per unit. This funding represents 0.01% of the total LIHTC allocation for Pennsylvania, indicating a relatively small portion of the state's affordable housing investment.
The sole LIHTC project in this zip code is Union Valley Apartments, completed in 1991. This project has been providing affordable housing in the area for over three decades. The development consists of 36 units, including 6 one-bedroom and 3 two-bedroom apartments. The remaining 27 units are not specified in the available data.
Over the past decade, the population in zip code 15332 has remained relatively stable, fluctuating between 8,472 and 8,952 residents. The median income has shown an overall upward trend, increasing from $61,280 in 2013 to $73,784 in 2022, with a peak of $78,727 in 2021. This rising income trend might suggest a decreasing need for additional affordable housing in recent years.
The racial composition of the zip code has remained predominantly white, consistently above 94% throughout the last decade. There has been a slight increase in diversity, with small increases in Hispanic (2% in 2022) and two or more races (2% in 2022) populations.
Zip code 15332 in Jefferson Hills, Pennsylvania, has a single LIHTC funded affordable housing project that has been serving the community for over 30 years. While the project provides 36 low-income units, it covers only a small percentage of the estimated housing inventory. The area has experienced stable population growth and increasing median income over the past decade, which may impact the perceived need for additional affordable housing. The racial composition remains predominantly white, with slight increases in diversity in recent years.
