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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
North Oakland, a neighborhood in Pittsburgh, Pennsylvania, has a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The neighborhood contains 457 total units in LIHTC-funded projects, with 448 of these designated as low-income units. Based on the 2022 population of 9,682 and an estimated 3,710 housing units, the LIHTC-funded affordable housing comprises approximately 12.3% of the neighborhood's estimated housing inventory.
The LIHTC program has invested $2,373,574 in tax credits for affordable housing projects in North Oakland. This investment equates to an average federal funding of $5,194 per unit. The neighborhood has hosted LIHTC-funded affordable housing since at least 1988, with the most recent project completed in 2014. This indicates a sustained commitment to affordable housing in the area spanning over 25 years.
The 2010s witnessed the most affordable housing activity, with two notable projects: Bellefield Dwellings, completed in 2013, and William Moorhead Tower, finished in 2014. These projects significantly expanded the neighborhood's affordable housing inventory.
The majority of LIHTC-funded units in North Oakland are one-bedroom apartments, totaling 419 units. There are also 38 two-bedroom units, accommodating a mix of household sizes. This distribution suggests a focus on housing smaller households and individuals.
Over the past decade, North Oakland's population has remained relatively stable, fluctuating between 8,900 and 9,700 residents. The median income has shown significant variability, ranging from around $20,000 to over $120,000 in different years. This wide range may indicate a diverse economic landscape within the neighborhood.
Racially, the neighborhood has maintained a majority white population, consistently around 70%, with a notable Asian population of 15-18%. The Black population has slightly increased from 6% to 10% over the decade. The steady racial composition suggests that the LIHTC projects have not significantly altered the neighborhood's demographic makeup.
North Oakland's LIHTC-funded affordable housing inventory represents a substantial portion of its estimated housing stock at 12.3%. The neighborhood has seen consistent investment in affordable housing over several decades, with significant projects completed in the 2010s. The focus on one-bedroom units indicates a strategy to serve smaller households. While the population has remained stable, the fluctuating median income suggests a complex economic environment that may continue to benefit from affordable housing options. The racial composition has remained relatively consistent, indicating that the LIHTC projects have integrated into the existing community fabric without causing major demographic shifts.