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Affordable Housing in Marshall-Shadeland: A Decades-Old LIHTC Project Amidst 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
Marshall-Shadeland, a neighborhood in Pittsburgh, Pennsylvania, has a population of 4,444 as of 2022. The area contains one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project, which provides 52 units, including 4 designated as low-income. This project represents approximately 3.1% of the neighborhood's estimated 1,703 housing units.
The LIHTC project in Marshall-Shadeland received $14,090 in tax credits, averaging about $271 per unit in federal funding. Named Hodgkiss/Superior/Washbur, the project was completed in 1989, indicating a three-decade presence of affordable housing in the neighborhood. The project comprises 47 two-bedroom units and 5 three-bedroom units, suggesting a focus on accommodating families with children.
Over the past decade, Marshall-Shadeland has undergone demographic changes. The population decreased from 5,859 in 2014 to 4,444 in 2022, a 24% decline. The median income fluctuated, rising from $35,477 in 2014 to $51,539 in 2018, before decreasing to $35,964 in 2022. The racial composition also shifted, with the Black population increasing from 41% to 44% and the White population decreasing from 49% to 44% between 2014 and 2022. The percentage of residents identifying as two or more races grew from 1% to 7% during this period.
The absence of new LIHTC projects in the last decade may be associated with the declining population and fluctuating median income. However, the recent decrease in median income could indicate a potential growing need for affordable housing options in the future.
Marshall-Shadeland's LIHTC-funded affordable housing inventory consists of one project completed in 1989, providing 52 units with a focus on two and three-bedroom apartments. This project covers a small percentage of the neighborhood's estimated housing stock but has been a long-standing contributor to affordable housing in the area. The neighborhood has experienced demographic changes over the past decade, including population decline and shifts in racial composition. The recent decline in median income may suggest a potential need for additional affordable housing options in the future, despite the lack of new LIHTC projects in recent years.
