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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Wilkinsburg, located in Pennsylvania, has an affordable housing landscape supported by the Low-Income Housing Tax Credit (LIHTC) program. The borough has 246 total units in LIHTC-funded projects, with 220 of these designated as low-income units. Based on the estimated 5,494 housing units in the borough, the LIHTC-funded affordable housing covers approximately 4.5% of the borough's housing inventory.
Wilkinsburg has received $3,008,188 in project tax credits through the LIHTC program. With 13 approximate projects, this translates to an average of $231,399 in federal funding per project. The average federal funding per unit is $12,228, considering the 246 total units in LIHTC-funded projects. Wilkinsburg holds 0.5% of the total state LIHTC funding, indicating a significant allocation for a borough of its size.
The first LIHTC project in Wilkinsburg was completed in 1988 (908 W St), while the most recent recorded project was completed in 2016 (Falconhurst Restoration). This 28-year span demonstrates a long-standing commitment to affordable housing in the borough. The 2000s saw the most activity in LIHTC project completions, with notable projects like Dumplin Hall and Generations both completed in 2006, followed by Bedford Hill Apts II in 2008.
The LIHTC-funded housing in Wilkinsburg offers a diverse range of unit types. Of the 246 total units, there are 17 efficiencies, 102 one-bedroom units, 81 two-bedroom units, 33 three-bedroom units, and 4 four-bedroom units. This distribution suggests a focus on accommodating various household sizes, with a particular emphasis on smaller households.
Over the past decade, Wilkinsburg's population has steadily declined, from 15,865 in 2015 to 14,340 in 2022. Despite this decrease, the median income has shown some fluctuation but overall growth, rising from $39,832 in 2015 to $42,968 in 2022. The racial composition of Wilkinsburg has also shifted. The Black population decreased from 63% in 2015 to 49% in 2022, while the White population increased from 29% to 38% during the same period. The Hispanic population grew slightly from 1% to 3%, and the Asian population remained relatively stable at 2-3%. These demographic changes, particularly the population decline and slight increase in median income, may have influenced the need for and development of affordable housing in recent years.
Wilkinsburg's LIHTC-funded affordable housing inventory represents a small but significant portion of its housing stock. The borough has received substantial federal funding for these projects, which have been developed over nearly three decades. The LIHTC program has contributed to the borough's affordable housing needs, while the changing demographics, including population decline and shifts in racial composition, may be influencing the current and future affordable housing landscape in Wilkinsburg.