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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
McKees Rocks in Pennsylvania has a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The city's LIHTC inventory comprises 221 total units, with 212 designated as low-income units. Based on the 2022 population of 5,893 and an estimated 2,258 housing units, LIHTC-funded affordable housing accounts for approximately 9.8% of the city's estimated housing inventory.
McKees Rocks has received $1,271,013 in project tax credits through the LIHTC program. With approximately 3 projects, this translates to an average of $423,671 per project and $5,751 per unit. The city holds 0.21% of Pennsylvania's total LIHTC funding, indicating a modest but notable contribution to the state's affordable housing efforts.
The first LIHTC project in McKees Rocks, Hays Manor, was completed in 1999, while the most recent project with available data, Mckees Rocks Terrace Hope Vi R, was finished in 2001. This indicates that affordable housing has been part of the city's landscape for over two decades. The early 2000s saw the most affordable housing activity in the city.
The LIHTC-funded housing in McKees Rocks offers a diverse range of unit types. The inventory includes 24 one-bedroom units, 100 two-bedroom units, 39 three-bedroom units, and 22 four-bedroom units. This distribution suggests a focus on accommodating families of various sizes.
Over the past decade, McKees Rocks has experienced a slight decline in population, from 6,075 in 2015 to 5,893 in 2022. Despite this decrease, the median income has shown a positive trend, rising from $32,580 in 2015 to $39,675 in 2022. This increase in median income might indicate a reduced need for new affordable housing projects in recent years.
The racial composition of McKees Rocks has become more diverse over the past decade. The white population has decreased from 67% in 2015 to 49% in 2022, while other racial groups have seen increases. The Black population has remained relatively stable, moving from 27% to 28% during this period. The Asian population has grown from less than 1% to 5%, and the Hispanic population has increased from less than 1% to 5%. This growing diversity might suggest a need for culturally sensitive affordable housing options.
McKees Rocks's LIHTC-funded affordable housing inventory plays a significant role in the city's housing landscape, covering nearly 10% of the estimated housing stock. The city has received over $1.2 million in tax credits, supporting 221 units across approximately 3 projects. While no new LIHTC projects have been recorded in the last decade, the existing inventory provides a range of unit sizes to accommodate diverse household needs. The city's changing demographics, including increasing median income and growing racial diversity, may influence future affordable housing needs and strategies in McKees Rocks.