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Affordable Housing Analysis in Zip Code 15601: Three Decades of LIHTC Development in Greensburg, 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 15601 in Greensburg, Pennsylvania, contains a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 185 units, all of which are designated as low-income. This represents approximately 0.83% of the estimated 22,251 housing units in the zip code. The LIHTC projects in this area have received $1,499,274 in project tax credits, averaging about $8,104 per unit in federal funding. This amount constitutes 0.25% of the total LIHTC funding allocated to Pennsylvania.
Affordable housing development in zip code 15601 spans over three decades, with the earliest LIHTC projects, Eastmont Estates and 323-325 Otterman St, completed in 1988. The most recent addition, South Greengate Commons, was completed in 2013. The 1980s and 1990s were the most active periods for affordable housing development, with four out of six projects completed during this time. Notable projects include Walnut Street Apartments (1997) and the Troutman Building (1999).
The LIHTC-funded housing in this zip code offers a range of unit types, including 85 one-bedroom, 71 two-bedroom, and 28 three-bedroom units. This variety accommodates different household sizes and needs within the low-income population.
The population of zip code 15601 has remained relatively stable over the past decade, fluctuating between 57,500 and 58,700 residents. The median income has shown an overall upward trend, increasing from $59,959 in 2015 to $63,591 in 2022, with a notable peak of $68,936 in 2021. This income growth may indicate changing economic conditions in the area.
The racial composition of zip code 15601 has remained predominantly white, consistently above 90% throughout the past decade. There has been a slight increase in diversity, with the percentage of residents identifying as two or more races growing from 1% in 2013 to 3% in 2022.
Zip code 15601 has maintained a consistent presence of LIHTC-funded affordable housing since the late 1980s, with projects developed across several decades. While the affordable housing inventory represents a small portion of the total estimated housing units, it provides a range of options for low-income residents. The area's stable population, gradually increasing median income, and slight diversification in racial composition over the past decade provide context for the affordable housing needs in this community.
