Loading Content...
Affordable Housing in Point Breeze North: LIHTC's Long-standing Impact
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Point Breeze North, a neighborhood in Pittsburgh, Pennsylvania, contains 36 affordable housing units funded by the Low-Income Housing Tax Credit (LIHTC) program. These units, all designated as low-income, represent approximately 4.33% of the neighborhood's estimated 831 housing units. The LIHTC program has allocated $16,260 in tax credits for affordable housing projects in Point Breeze North, averaging $452 per unit in federal funding.
The neighborhood's affordable housing inventory consists of a single project called "One Point Breeze," completed in 1989. This project has provided affordable housing options in the area for over three decades. The development comprises 24 one-bedroom units and 12 two-bedroom units, catering to smaller household sizes within the low-income population.
Point Breeze North has experienced demographic changes over the past decade. The population has remained relatively stable, fluctuating between 1,980 and 2,234 residents. Median income has increased substantially, rising from $52,554 in 2015 to $75,566 in 2022, potentially indicating improved economic conditions for some residents.
The racial composition of the neighborhood has also shifted. The percentage of Black residents decreased from 41% in 2015 to 27% in 2022, while the percentage of White residents increased slightly from 56% to 57%. The Asian population grew from 2% to 5%, and the Hispanic population increased from 0% to 5% during the same period.
Despite these demographic changes, no new LIHTC projects have been constructed in Point Breeze North over the last decade. This lack of new development may be attributed to various factors, including the increased median income, which could suggest a reduced need for additional affordable housing units in the area.
The affordable housing landscape in Point Breeze North is characterized by a single LIHTC project that has served the community for over 30 years. This project provides a modest contribution to the neighborhood's housing stock and offers a mix of unit sizes to accommodate different household needs. The neighborhood's demographic shifts, including rising median incomes and changes in racial composition, may influence future decisions regarding affordable housing development in the area.
