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Affordable Housing in East Hills: LIHTC Investments and Demographic Trends
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
East Hills, a neighborhood in Pittsburgh, Pennsylvania, is characterized by its urban density and significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The area contains 71 LIHTC units, all designated as low-income. Based on the 2022 population of 6,948 and the national average household size of 2.61, the estimated housing inventory in East Hills is approximately 2,662 units. LIHTC funded affordable housing comprises about 2.67% of this estimated inventory.
The LIHTC projects in East Hills have received $1,304,494 in project tax credits, averaging $18,373 per unit. This investment demonstrates a commitment to providing affordable housing options in the neighborhood. LIHTC projects have been developed over time, with at least two projects, Marian Plaza and Second East Hills Phase III, completed in 2008, indicating a 15-year presence of affordable housing in the community.
The LIHTC funded housing stock in East Hills consists of 20 one-bedroom units, 39 two-bedroom units, and 12 three-bedroom units. This diverse range of unit sizes accommodates various household compositions, from individuals to small families.
East Hills has experienced demographic shifts over the past decade. The population has shown a general declining trend, decreasing from 7,569 in 2019 to 6,948 in 2022. Median income has fluctuated, peaking at $43,078 in 2019 before decreasing to $28,952 in 2022.
The racial composition of East Hills has remained relatively stable, with a predominantly Black population. In 2022, 83% of residents identified as Black, while 11% identified as White. This demographic makeup has been consistent over the past decade, with only minor fluctuations.
The presence of LIHTC projects in East Hills aligns with the neighborhood's income trends and demographic composition, suggesting a continued need for affordable housing options.
East Hills has a notable presence of LIHTC funded affordable housing, representing about 2.67% of the estimated housing inventory. The neighborhood has received significant investment through the LIHTC program, with an average of $18,373 in tax credits per unit. The affordable housing stock offers a variety of unit sizes, catering to different household needs. While the population has shown a slight decline in recent years, the consistent racial composition and fluctuating median income levels indicate an ongoing need for affordable housing options in the neighborhood.
