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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 15044, located in Gibsonia, Pennsylvania, contains 66 units of Low-Income Housing Tax Credit (LIHTC) funded affordable housing, with 65 units designated as low-income. Based on the 2022 population of 29,189 and the national average household size, the estimated housing inventory for this zip code is approximately 11,184 units. The LIHTC funded affordable housing comprises about 0.59% of the estimated housing units in the zip code.
The LIHTC program has provided $606,421 in tax credits for affordable housing projects in zip code 15044. This equates to an average federal funding of $9,188 per unit. This zip code accounts for 0.1% of the total state LIHTC funding, indicating a relatively small portion of Pennsylvania's affordable housing investment.
Thomas Village, completed in 2013, is the sole LIHTC funded project in zip code 15044. This project marks the beginning of LIHTC-funded affordable housing in the area, representing nearly a decade of affordable housing presence. Thomas Village consists of 66 total units, including 21 one-bedroom units, 35 two-bedroom units, and 1 three-bedroom unit. This distribution suggests a focus on accommodating small to medium-sized households.
The population in zip code 15044 has steadily increased from 27,181 in 2013 to 29,189 in 2022. The median income has also risen significantly, from $107,224 in 2013 to $119,248 in 2022, indicating growing affluence in the area. The racial composition has remained relatively stable, with a slight decrease in the white population from 95% in 2013 to 93% in 2022. There has been a small increase in diversity, with the Asian population growing from 1% to 2% and those identifying as two or more races increasing from 0% to 3% during this period.
The completion of the Thomas Village project in 2013 coincides with the beginning of this demographic data period. Despite the growing population and rising median income, no additional LIHTC projects have been developed in the area since then. This could be due to the relatively high median income, which might reduce the perceived need for additional affordable housing in the zip code.
Zip code 15044 in Gibsonia, Pennsylvania, has a single LIHTC-funded affordable housing project, Thomas Village, which provides 66 units of affordable housing. This project, completed in 2013, represents a small fraction (0.59%) of the estimated housing inventory in the area. The zip code has experienced population growth and significant increases in median income over the past decade, which may influence the perceived need for additional affordable housing development. The area has seen slight increases in racial diversity, but remains predominantly white. The limited LIHTC investment in this zip code suggests that other factors, such as the high median income, may be influencing affordable housing development decisions in the area.