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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 15931, located in Ebensburg, Pennsylvania, contains one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project. This project, Crossroads Meadow, provides 50 affordable housing units, including 5 designated low-income units. Based on the 2022 population of 9,508 and an estimated 3,643 housing units in the zip code, the LIHTC-funded affordable housing comprises approximately 1.37% of the estimated housing inventory.
The LIHTC program has invested $434,305 in tax credits for affordable housing in zip code 15931. This equates to an average federal funding of $8,686 per unit in the LIHTC-funded project. The zip code accounts for 0.07% of the total LIHTC funding allocated to Pennsylvania.
Crossroads Meadow, completed in 2007, is the only LIHTC project in the area. This project has been providing affordable housing options for over 15 years. The development offers a variety of unit types, including 8 one-bedroom, 24 two-bedroom, and 18 three-bedroom units, accommodating diverse household sizes and needs.
Over the past decade, zip code 15931 has experienced fluctuations in population, with a slight increase from 9,039 in 2019 to 9,508 in 2022. The median income has shown an overall upward trend, rising from $58,715 in 2019 to $63,665 in 2022. This increase in median income may indicate a growing need for affordable housing options to support lower-income residents.
The racial composition of zip code 15931 has remained relatively stable, with the white population consistently representing about 96-97% of residents. The Black population has maintained a small presence at around 2%, while other racial groups have minimal representation.
Zip code 15931 has a single LIHTC-funded affordable housing project, Crossroads Meadow, which provides 50 units of affordable housing. This project, completed in 2007, represents a small portion (1.37%) of the estimated housing inventory in the area. The LIHTC program has invested $434,305 in tax credits for this project, averaging $8,686 per unit. While the median income in the zip code has increased over the past decade, the limited affordable housing inventory suggests there may be ongoing demand for affordable housing options to support lower-income residents in this predominantly white community.