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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Mount Washington, a neighborhood in Pittsburgh, Pennsylvania, features a combination of urban living and scenic views. The neighborhood's affordable housing inventory, funded through the Low-Income Housing Tax Credit (LIHTC) program, comprises 110 total units, with 88 designated as low-income units. Based on the estimated 3,226 housing units in the neighborhood, LIHTC-funded affordable housing represents approximately 3.4% of the housing inventory.
The LIHTC program has made substantial investments in Mount Washington, with project tax credits totaling $1,352,313. This equates to an average federal funding of $12,293 per unit across all LIHTC-funded projects in the neighborhood.
Affordable housing has been present in Mount Washington for nearly three decades. The initial LIHTC project, 457 Norton St, was completed in 1994, while the most recent, South Hills Retirement Res, was finished in 2010. The 2000s witnessed the most affordable housing development, with two projects completed during this decade: Sycamore Street Apts in 2000 and South Hills Retirement Res in 2010.
The neighborhood's LIHTC-funded housing stock primarily consists of one-bedroom and two-bedroom units. Of the 110 total units, 84 are one-bedroom apartments, and 26 are two-bedroom units. This composition indicates a focus on housing for smaller households or individuals.
Over the past decade, Mount Washington has experienced demographic changes. The population decreased from 8,964 in 2013 to 8,420 in 2022, a decline of about 6%. Despite this population decrease, the median income has shown an overall upward trend, rising from $52,196 in 2013 to $55,850 in 2022.
Racial distribution in the neighborhood has remained relatively stable, with the white population consistently representing the majority (around 82-87% over the past decade). The Black population has fluctuated slightly, ranging from 8% to 12% during this period.
The absence of new LIHTC projects in the last decade may be attributed to the declining population and increasing median income, which might suggest a reduced need for additional affordable housing units in the neighborhood.
Mount Washington's LIHTC-funded affordable housing inventory plays a modest role in the neighborhood's housing landscape, covering about 3.4% of the estimated housing units. The neighborhood has seen three LIHTC projects completed between 1994 and 2010, with a focus on one-bedroom and two-bedroom units. While the population has slightly decreased over the past decade, median income has generally increased. These demographic shifts, along with the stable racial distribution, may have influenced the lack of new LIHTC developments in recent years. The existing LIHTC projects continue to provide affordable housing options for Mount Washington residents, contributing to the neighborhood's diverse housing ecosystem.