Loading Content...
Affordable Housing in Zip Code 15552: A Three-Decade Presence
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The zip code 15552 in Pennsylvania contains 38 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units, including 11 low-income units. Based on the 2022 population of 6,246 and using the national average household size, an estimated 2,393 housing units exist in this zip code. LIHTC funded affordable housing comprises approximately 1.59% of the estimated housing inventory in this area.
The LIHTC program has invested $64,298 in tax credits for affordable housing projects in zip code 15552. This equates to an average of $1,692 in federal funding per unit. This zip code accounts for 0.01% of the total LIHTC funding allocated to Pennsylvania.
Affordable housing has been present in zip code 15552 for over 30 years. The initial LIHTC project, Di & Di Apts, was completed in 1987, while the most recent project, Di & Di Senior Apts, was finished in 1992. The 1980s and early 1990s were particularly active for affordable housing development in this area.
The LIHTC funded housing inventory in zip code 15552 includes 3 efficiencies, 27 one-bedroom units, and 8 two-bedroom units. This distribution suggests a focus on accommodating smaller households and potentially senior residents.
Over the past decade, zip code 15552 has experienced demographic changes. The population decreased from 6,588 in 2015 to 6,246 in 2022. However, the median income increased from $44,468 in 2015 to $52,671 in 2022. This increase in median income may indicate a reduced need for additional affordable housing units in recent years.
The racial composition of zip code 15552 has remained relatively stable, with the white population consistently representing over 95% of residents. There has been a small increase in racial diversity, with the percentage of residents identifying as two or more races growing from 0% in 2015 to 3% in 2022.
Zip code 15552 presents an interesting case study in affordable housing. While LIHTC funded projects constitute a small percentage of the estimated housing inventory, they have been a consistent presence for over 30 years. The area has experienced modest demographic changes, including a slight population decrease and an increase in median income. These factors, combined with the stable racial composition, may influence future affordable housing needs and development in this zip code.
