Loading Content...
Affordable Housing in Zip Code 15001: A Three-Decade Presence in Aliquippa, Pennsylvania
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 15001, located in Aliquippa, Pennsylvania, encompasses an area of 60.53 square miles with a population of 31,906 as of 2022. This zip code features Low-Income Housing Tax Credit (LIHTC) funded affordable housing, totaling 20 units, all of which are designated as low-income. The LIHTC funded affordable housing represents approximately 0.16% of the zip code's estimated housing inventory of 12,225 units.
The LIHTC program has allocated $96,860 in tax credits for affordable housing projects in zip code 15001. This equates to an average federal funding of $4,843 per unit. Zip code 15001 accounts for 0.02% of the total LIHTC funding allocated to Pennsylvania. The initial LIHTC funded projects in this zip code were completed in 1987, including Kiehl Street Duplex, Todd Road House, and 119 King St. The most recent project, Murphy Oliker Apts, was completed in 1999, indicating a three-decade presence of affordable housing in the area.
The 1980s witnessed the majority of affordable housing activity, with six out of seven projects completed during this decade. The year 1988 was particularly active, with three projects completed: East Shaffer Duplex, Todd Road Duplex, and 1052 Brodhead Rd. The LIHTC funded housing in zip code 15001 primarily consists of one-bedroom and two-bedroom units. Specifically, there are 9 one-bedroom units, 8 two-bedroom units, and 2 three-bedroom units, suggesting a focus on housing for smaller households or individuals.
The population in zip code 15001 has remained relatively stable over the past decade, with a slight decrease from 32,019 in 2014 to 31,906 in 2022. The median income has shown an overall increasing trend, rising from $58,617 in 2014 to $65,216 in 2022, indicating improving economic conditions for residents. The racial composition of the zip code has remained largely consistent, with a slight decrease in the white population from 83% in 2014 to 79% in 2022, and a small increase in the Hispanic population from 1% to 3% during the same period. The black population has remained steady at around 12-13%.
Despite the absence of new LIHTC projects in the last decade, the relatively stable population and increasing median income suggest that the existing affordable housing stock may be meeting current needs. However, the gradual increase in racial diversity might indicate a potential need for future affordable housing developments to accommodate changing demographics.
In summary, zip code 15001 has a modest LIHTC funded affordable housing inventory, covering about 0.16% of the estimated housing stock. The area experienced significant affordable housing development in the late 1980s, with a focus on smaller units. While no new LIHTC projects have been constructed recently, the stable population and increasing median income suggest a relatively balanced housing market. Ongoing monitoring of demographic changes and housing needs will be crucial to ensure adequate affordable housing options in the future.
