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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 15220 in Pittsburgh, Pennsylvania, contains a modest Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The area has 4 total affordable units, all of which are designated as low-income units. Based on the 2022 population of 17,861 and an estimated 6,843 housing units, the LIHTC-funded affordable housing covers approximately 0.06% of the zip code's estimated housing inventory.
The LIHTC program has provided $4,718 in tax credits for affordable housing projects in this zip code. This amounts to an average of $1,179.50 in federal funding per unit.
The sole LIHTC-funded project in this zip code is Belvidere I, completed in 1987. This project marks the beginning of LIHTC-funded affordable housing in the area, which has now been present for over three decades.
Breaking down the unit types, the affordable housing inventory in this zip code consists of 2 one-bedroom units and 2 three-bedroom units. This distribution suggests a mix of housing options for different household sizes.
Over the past decade, the population in zip code 15220 has remained relatively stable, fluctuating between about 17,000 and 18,000 residents. The median income has shown an overall upward trend, increasing from $63,832 in 2013 to $71,649 in 2022, with some fluctuations in between.
Racial demographics have shifted slightly, with the white population decreasing from 77% in 2013 to 70% in 2022. Concurrently, the Asian population has increased from 10% to 15%, while the Black population has remained relatively stable at around 8-9%. The Hispanic population and those identifying as two or more races have seen slight increases.
Despite these demographic changes, there has not been an increase in LIHTC-funded affordable housing projects in the last decade. This could be due to the rising median income, which might indicate a reduced need for low-income housing in the area.
Zip code 15220 in Pittsburgh has a small LIHTC-funded affordable housing inventory, consisting of one project with 4 units, completed in 1987. While this represents a very small percentage of the estimated housing stock, other affordable housing programs may be present in the area. The zip code has experienced moderate population stability, increasing median income, and slight shifts in racial demographics over the past decade. These factors may influence the perceived need for additional LIHTC-funded affordable housing in the area.