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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The Bluff neighborhood in Pittsburgh, Pennsylvania, features a notable presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood's LIHTC inventory comprises 43 total units, all designated as low-income units. This affordable housing stock plays a significant role in addressing the community's housing needs.
Based on the 2022 population of 6,637 and using the national average household size of 2.61, the estimated number of housing units in the neighborhood is approximately 2,543. The 43 LIHTC-funded affordable units represent about 1.69% of this estimated housing inventory, indicating that LIHTC-funded housing contributes a small but meaningful portion to the neighborhood's overall housing stock.
The LIHTC program has invested $1,137,168 in tax credits for affordable housing projects in the Bluff neighborhood. With 43 total units funded, this translates to an average federal investment of about $26,445 per unit, demonstrating a substantial commitment to affordable housing in the area.
The Shanahan Apartments, completed in 2013, stands as a notable LIHTC project in the neighborhood. This development encompasses all 43 LIHTC-funded units in the Bluff, showcasing a concentrated effort to provide affordable housing options. The Shanahan Apartments project offers a mix of unit types, with 35 one-bedroom units and 8 two-bedroom units. This distribution suggests a focus on accommodating smaller households and families within the affordable housing inventory.
Over the past decade, the Bluff neighborhood has experienced significant demographic changes. The population has grown from 5,634 in 2013 to 6,637 in 2022, indicating a rising demand for housing. Simultaneously, median income has fluctuated, decreasing from $44,538 in 2013 to $38,942 in 2022, suggesting a potential increase in the need for affordable housing options. Racial demographics have also shifted, with the percentage of white residents decreasing from 72% in 2013 to 61% in 2022, while the Black population increased from 18% to 26% during the same period. This diversification of the neighborhood's racial composition may indicate changing housing needs and preferences.
The Bluff neighborhood's LIHTC-funded affordable housing, centered around the Shanahan Apartments, represents a small but important component of the area's housing inventory. With 43 low-income units and a significant federal investment, this project addresses a portion of the community's affordable housing needs. The demographic trends over the past decade, including population growth and income fluctuations, underscore the ongoing importance of affordable housing initiatives in the Bluff neighborhood.