Over the past decade, the 15216 zip code has experienced demographic changes. The population has gradually declined, decreasing from 23,696 in 2018 to 22,903 in 2022. The median income has fluctuated, peaking at $74,116 in 2021 before dropping to $67,833 in 2022.

Racial distribution in the area has remained relatively stable. The white population decreased slightly from 86% in 2018 to 82% in 2022. The Black population increased from 5% to 8% during the same period. The Asian, Hispanic, and multiracial populations have remained consistent at approximately 3% each.

The absence of new LIHTC projects in the last decade may be attributed to the relatively high median income in the area, potentially indicating less demand for low-income housing. However, recent income fluctuations and slight demographic shifts might necessitate a reassessment of affordable housing needs in the future.

The 15216 zip code in Pittsburgh has a minimal LIHTC-funded affordable housing presence, with one project providing two low-income units. This project, completed in 1989, has served the community for over 30 years. The area has experienced slight population decline and income fluctuations in recent years, while the racial composition has remained relatively stable. The limited LIHTC investment in this zip code may be due to higher median incomes, but ongoing demographic changes could potentially influence future affordable housing needs.