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Affordable Housing in Hazelwood: Limited LIHTC Impact Amid Demographic Shifts
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Hazelwood, a neighborhood in Pittsburgh, Pennsylvania, has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory consisting of 3 units, all designated as low-income. Based on the 2022 population of 3,648 and an estimated 1,398 housing units, LIHTC-funded affordable housing comprises approximately 0.21% of the neighborhood's estimated housing inventory.
The LIHTC program has provided $5,154 in tax credits for affordable housing in Hazelwood, averaging $1,718 per unit. The neighborhood's only LIHTC-funded project, "5143-45-47 Blair St," was completed in 1988 and has been providing affordable housing for over three decades.
All three units in the LIHTC-funded project are two-bedroom units, suitable for small families or individuals requiring additional space. The project does not have a specified target population, suggesting it may be open to a diverse range of low-income residents.
Over the past decade, Hazelwood's population has grown from 3,486 in 2010 to 3,648 in 2022. Median income has increased from $22,255 in 2013 to $30,731 in 2022, indicating some economic improvement in the neighborhood.
Racial demographics have shifted between 2017 and 2022. The white population has decreased from 62% to 48%, while the Black population has increased from 30% to 38%. The Hispanic population has grown from 2% to 6% during this period.
Despite these demographic changes and overall population growth, there have been no new LIHTC projects in Hazelwood since 1988. This may suggest that other affordable housing programs are addressing the neighborhood's low-income housing needs, or that there may be opportunities for additional LIHTC development to meet potential demand.
Hazelwood's LIHTC-funded affordable housing inventory consists of a single project with three two-bedroom units, completed in 1988. This represents a small portion of the neighborhood's estimated housing stock but has provided stable affordable housing for over 30 years. The neighborhood has experienced population growth and increased median income over the past decade, along with shifts in racial demographics. These changes, coupled with the lack of recent LIHTC development, may warrant further investigation into the current affordable housing needs of the Hazelwood community.
