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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Shadyside, a neighborhood in Pittsburgh, Pennsylvania, is characterized by its commercial districts and diverse housing options. The Low-Income Housing Tax Credit (LIHTC) program has funded one low-income unit in this area. This single unit represents a small portion of the estimated 5,467 housing units in Shadyside, based on the 2022 population of 14,269 and the national average household size.
The LIHTC program has provided $4,842 in tax credits for affordable housing in Shadyside, averaging $4,842 per unit due to the presence of only one LIHTC-funded unit. This sole project, located at 244 Swope St, was completed in 1993 and consists of a three-bedroom unit that has provided affordable housing for nearly three decades.
Shadyside has experienced demographic changes over the past decade. The population has increased slightly from 13,678 in 2013 to 14,269 in 2022. The median income has risen significantly, growing from $51,226 in 2013 to $67,631 in 2022, representing a 32% increase.
The racial composition of Shadyside has remained relatively stable over the past decade. The white population decreased slightly from 68% in 2013 to 66% in 2022. The Asian population declined from 23% to 19%, while the Black population remained steady at approximately 5%. The Hispanic population increased from 3% to 6% during this period.
The absence of additional LIHTC projects in the last decade may be partially attributed to the rising median income in the neighborhood, potentially indicating a reduced need for low-income housing. However, it is important to note that other affordable housing programs not captured in this data may be serving the community's needs.
Shadyside's LIHTC-funded affordable housing inventory is limited to a single three-bedroom unit completed in 1993. This unit represents a very small portion of the neighborhood's estimated housing stock. The neighborhood has experienced notable income growth over the past decade, which may influence the perceived need for additional low-income housing. Despite minor shifts in racial demographics, the overall population has remained relatively stable. These factors collectively provide a complex picture of Shadyside's housing landscape and the role of LIHTC-funded affordable housing within it.