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Affordable Housing in Zip Code 15145: Two Decades of LIHTC Development in Turtle Creek
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 15145, located in Turtle Creek, Pennsylvania, contains a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. This area has 100 total affordable units, all of which are designated as low-income units. Based on the estimated 2,750 housing units in the zip code, LIHTC-funded affordable housing comprises approximately 3.64% of the local housing inventory.
The LIHTC projects in zip code 15145 have received $1,113,961 in project tax credits, averaging $11,140 in federal funding per unit. This funding represents 0.19% of Pennsylvania's total LIHTC allocation, indicating a modest but significant investment in affordable housing for this area.
Affordable housing has been a consistent presence in zip code 15145, with the earliest LIHTC projects, Railroad St and Highland Avenue, completed in 1989. The most recent addition, Fraser Hall Apts, was completed in 2010, spanning over two decades of affordable housing development. The 1990s saw the most activity, with three projects completed during this decade: Highland Ave Apts (1991), Grant Street Apts (1994), and Valley Park Townhouses II (1995).
The LIHTC-funded housing in zip code 15145 offers a variety of unit types, with a predominance of one-bedroom units (73), followed by three-bedroom (13), two-bedroom (12), and one four-bedroom unit. This distribution suggests a focus on accommodating diverse household sizes, from individuals to small families.
Over the past decade, the population in zip code 15145 has shown a gradual decline, decreasing from 7,669 in 2013 to 7,177 in 2022. The median income has fluctuated, with the most recent figure at $38,453 in 2022, down from $41,366 in 2013. This trend might indicate a persistent need for affordable housing options in the area.
Racial demographics have shifted slightly, with the white population decreasing from 80% in 2013 to 63% in 2022, while the Black population increased from 16% to 25% during the same period. The area has also seen a small increase in racial diversity, with growth in Asian, Hispanic, and multi-racial populations.
Zip code 15145 demonstrates a consistent commitment to affordable housing through its LIHTC-funded projects. While these units cover a small percentage of the total estimated housing stock, they represent a significant investment in the community. The area's changing demographics and fluctuating median income suggest an ongoing need for affordable housing options. The diverse unit types available through LIHTC projects indicate efforts to accommodate various household sizes and needs within the community.
