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Affordable Housing in Zip Code 15104: A 25-Year Commitment to LIHTC Projects
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The zip code 15104 in Pennsylvania, which includes North Braddock, has a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. This area has 231 total units in LIHTC-funded projects, with 203 of these designated as low-income units. Based on the estimated 2,856 housing units in the zip code, the LIHTC-funded affordable housing covers approximately 8.1% of the housing inventory.
The LIHTC projects in zip code 15104 have received $3,066,301 in tax credits, averaging about $13,274 per unit. This zip code accounts for 0.51% of the total LIHTC funding allocated in Pennsylvania, indicating a substantial investment in affordable housing for this area.
The first LIHTC project in zip code 15104, 727 Washington Ave, was completed in 1988, while the most recent, Overlook, was finished in 2013. This 25-year span demonstrates a long-term commitment to affordable housing in the area. The 1990s saw the most activity, with four projects completed during that decade.
The housing inventory in zip code 15104 includes a mix of unit sizes, with 42 one-bedroom, 77 two-bedroom, and 57 three-bedroom units. This diverse range accommodates various household sizes and needs within the affordable housing sector.
Over the past decade, zip code 15104 has experienced a gradual population decline, from 8,361 in 2015 to 7,455 in 2022. The median income has shown a positive trend, rising from $23,112 in 2015 to $32,408 in 2022. This income growth might influence the demand for affordable housing in the area.
Racial demographics in zip code 15104 have remained relatively stable, with a slight increase in the Black population from 53% in 2015 to 58% in 2022, while the White population decreased from 38% to 32% during the same period. The area has also seen a small increase in racial diversity, with the percentage of residents identifying as two or more races growing from 3% to 6%.
Zip code 15104 demonstrates a consistent commitment to affordable housing through LIHTC projects, with units covering about 8.1% of the estimated housing inventory. While the population has decreased slightly, rising median incomes and stable racial demographics suggest a changing economic landscape. The diverse mix of unit sizes in LIHTC projects indicates an effort to meet varied housing needs in the community. The long-term presence of LIHTC projects, spanning from 1988 to 2013, reflects ongoing attention to affordable housing needs in this Pennsylvania zip code.
