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Affordable Housing in Beechview: Limited LIHTC Presence in a Changing Neighborhood
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Beechview, a Pittsburgh neighborhood, has a population of 7,712 as of 2022. The neighborhood's Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory is limited to 2 units, all categorized as low-income. This represents approximately 0.07% of the estimated 2,955 housing units in Beechview.
The LIHTC program has allocated $723 in tax credits for affordable housing in Beechview, averaging $361.50 per unit. The single LIHTC project, "1525 Alton Ave," was completed in 1989, indicating a three-decade presence of affordable housing in the area. This project consists of one two-bedroom unit and one three-bedroom unit, catering to small to medium-sized families.
Beechview's population has remained relatively stable over the past decade, with minor fluctuations. The median income has shown an upward trend, increasing from $53,468 in 2019 to $55,015 in 2022, suggesting a slight improvement in the economic conditions of residents.
The neighborhood has experienced a gradual increase in diversity. The percentage of white residents decreased from 79% in 2018 to 74% in 2022, while the black population increased from 12% to 17% during the same period. The Hispanic population remained stable at around 4%, and there has been a slight increase in Asian residents.
Despite these demographic changes, no new LIHTC projects have been developed in Beechview over the past decade. This could be attributed to factors such as limited available land for development, changes in housing policies, or a shift in focus to other affordable housing initiatives not captured in the LIHTC data.
Beechview's LIHTC funded affordable housing inventory is minimal, with only one project completed in 1989 providing two low-income units. This represents a very small fraction of the neighborhood's estimated housing stock. Over the past decade, the neighborhood has experienced slight increases in median income and racial diversity, but these changes have not corresponded with new LIHTC developments. The limited LIHTC presence in Beechview suggests that other affordable housing programs or initiatives may be addressing the neighborhood's low-income housing needs, or that there might be opportunities for future affordable housing development in the area.
