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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 15108, located in Carnot-Moon, Pennsylvania, contains 127 total units in Low-Income Housing Tax Credit (LIHTC) funded projects, with 124 designated as low-income units. Based on the 2022 population of 43,242 and an estimated 16,568 housing units, LIHTC-funded affordable housing represents approximately 0.77% of the zip code's estimated housing inventory.
The LIHTC projects in this zip code have received $1,275,015 in project tax credits, averaging about $10,039 per unit. This funding represents 0.21% of Pennsylvania's total LIHTC allocations. The affordable housing in this zip code spans nearly two decades, with the earliest project completed in 2003 and the most recent finished in 2008. The 2000s saw the most affordable housing development activity in this area.
The LIHTC-funded housing stock in zip code 15108 offers a range of unit types. It includes 2 efficiencies, 54 one-bedroom units, 24 two-bedroom units, 45 three-bedroom units, and 2 four-bedroom units. This variety caters to different household sizes and needs within the low-income population.
Over the past decade, zip code 15108 has experienced population growth, increasing from 40,172 in 2013 to 43,242 in 2022. Median income has also risen, from $73,964 in 2013 to $85,601 in 2022. The racial composition has remained relatively stable, with a slight increase in diversity. The white population decreased slightly from 88% in 2013 to 86% in 2022, while Asian and Black populations saw small increases.
These demographic trends, particularly the rising median income, may explain why no new LIHTC projects have been developed in the area since 2008. The increasing affluence of the area might have reduced the perceived need for additional affordable housing developments.
Zip code 15108 has a small but established inventory of LIHTC-funded affordable housing, representing about 0.77% of its estimated housing stock. The area received a modest share of Pennsylvania's LIHTC funding, which has been used to create a diverse range of unit types. While the affordable housing development occurred primarily in the 2000s, the area has since seen rising incomes and population growth, which may have influenced the lack of new LIHTC projects in recent years. Despite these changes, the existing affordable housing continues to play a role in meeting the needs of low-income residents in this growing and increasingly affluent zip code.