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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Carrick, a neighborhood in Pittsburgh, Pennsylvania, has a presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood's LIHTC inventory comprises 67 total units, with 57 designated as low-income units. Based on the estimated 6,223 housing units in Carrick, the LIHTC-funded affordable housing represents approximately 1.08% of the neighborhood's housing inventory.
The LIHTC projects in Carrick have received a total of $1,022,828 in project tax credits, averaging about $15,266 per unit in federal funding. The neighborhood has had LIHTC-funded affordable housing since 1989, with the most recent project completed in 2017, indicating nearly three decades of affordable housing presence.
The 1980s marked the beginning of LIHTC housing in Carrick with the completion of "2256 Almont St" in 1989. The most recent and largest addition to the affordable housing stock is "Hillcrest Senior Residences," completed in 2017. This project significantly expanded the neighborhood's affordable housing inventory.
Carrick's LIHTC-funded housing stock primarily consists of one-bedroom units (54), followed by two-bedroom units (12), and a single four-bedroom unit. This distribution suggests a focus on accommodating smaller households and possibly senior residents.
Over the past decade, Carrick's population has remained relatively stable, fluctuating between approximately 15,500 and 17,100 residents. The median income has shown a steady increase from $37,802 in 2013 to $47,892 in 2022, indicating improving economic conditions for residents.
Racial demographics have shifted slightly, with the white population decreasing from 82% in 2013 to 74% in 2022. Conversely, there has been an increase in racial diversity, particularly in the Asian and Black populations. The Hispanic population has also grown from 1% to 3% during this period.
The completion of Hillcrest Senior Residences in 2017 aligns with the demographic trend of an aging population, as evidenced by the large number of one-bedroom units suitable for seniors or small households.
Carrick's LIHTC-funded affordable housing inventory, while modest in comparison to the overall housing stock, has seen significant growth with the addition of Hillcrest Senior Residences in 2017. The neighborhood's demographic trends, including a stable population and increasing median income, suggest a continued need for affordable housing options. The focus on one-bedroom units in recent developments aligns with changing household compositions and potentially an aging population. As Carrick continues to evolve, monitoring these trends will be crucial for future affordable housing planning.