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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Central Lawrenceville, a neighborhood in Pittsburgh, Pennsylvania, has a notable presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood has 102 total units in LIHTC funded projects, with 97 of these designated as low-income units. Based on the 2022 population of 4,773 and using the national average household size, the estimated housing inventory for the neighborhood is approximately 1,829 units. The LIHTC funded affordable housing covers about 5.6% of the estimated housing units in the neighborhood.
The LIHTC program has provided $1,434,499 in tax credits for affordable housing projects in Central Lawrenceville. This translates to an average federal funding of approximately $14,063 per unit. The neighborhood's LIHTC funded affordable housing inventory is represented by one project, York Commons, which was completed in 2010. This project has been providing affordable housing options in the neighborhood for over a decade.
York Commons consists entirely of one-bedroom units, totaling 102 apartments. This composition suggests a focus on housing for individuals or small households, potentially catering to young professionals, seniors, or small families.
Over the past decade, Central Lawrenceville has experienced some demographic shifts. The population has slightly increased from 4,615 in 2013 to 4,773 in 2022. Median income has risen significantly, from $51,961 in 2013 to $70,880 in 2022, indicating a trend towards gentrification.
Racial demographics have also shifted. The white population percentage increased from 82% in 2013 to 89% in 2017, then slightly decreased to 83% by 2022. The Black population decreased from 10% in 2013 to 6% in 2022. The Asian population has remained relatively stable, while the Hispanic population has seen a slight increase.
These demographic changes, particularly the rising median income, suggest that the need for affordable housing in the neighborhood may have increased since the completion of York Commons in 2010. The stable presence of minority populations, despite overall demographic shifts, may indicate that the LIHTC funded housing is playing a role in maintaining some level of diversity in the neighborhood.
Central Lawrenceville's LIHTC funded affordable housing inventory, while modest in scale, provides an important resource for low-income residents. The single project, York Commons, offers 97 low-income units, primarily one-bedroom apartments. The significant increase in median income over the past decade suggests a growing need for affordable housing options in the neighborhood. While the LIHTC funded housing covers only a small percentage of the estimated housing inventory, it likely plays a crucial role in maintaining some level of economic diversity in an area experiencing income growth and demographic shifts.