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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The zip code 15067, located in New Eagle, Pennsylvania, contains 42 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. These units, all designated as low-income, represent approximately 4.54% of the estimated 925 housing units in the zip code, based on the 2022 population of 2,414 and the national average household size of 2.61.
The LIHTC program has invested $280,481 in tax credits for affordable housing projects in zip code 15067. This equates to an average federal funding of $6,678 per unit. The zip code accounts for 0.05% of Pennsylvania's total LIHTC funding, indicating a small but notable contribution to the state's affordable housing efforts.
The New Eagle project, completed in 2002, marks the inception of LIHTC-funded affordable housing in zip code 15067. This project has provided affordable housing options for over two decades. All 42 units in this project are one-bedroom apartments, suggesting a focus on smaller households or individuals.
Zip code 15067 has experienced some demographic changes over the past decade. The population has remained relatively stable, fluctuating between 2,300 and 2,700 residents. The median income has shown an overall upward trend, increasing from $41,068 in 2018 to $48,100 in 2022, with a peak of $52,380 in 2021. This trend may indicate a gradual improvement in the area's economic conditions.
Regarding racial distribution, zip code 15067 has maintained a predominantly white population, with the percentage consistently above 89% throughout the decade. There has been a slight increase in diversity, with small but growing percentages of Hispanic residents (peaking at 7% in 2018) and residents identifying as two or more races (3% in 2022).
Zip code 15067 in New Eagle, Pennsylvania, has a modest LIHTC-funded affordable housing presence, with 42 low-income units built in 2002. These units represent about 4.54% of the estimated housing inventory. This percentage is below the target range of 15-20% for affordable housing stock. The area has experienced a relatively stable population with a gradually increasing median income over the past decade. The racial composition remains predominantly white, with slight increases in diversity. These demographic trends, coupled with the long-standing presence of LIHTC-funded housing, suggest a consistent need for affordable housing options in zip code 15067.