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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 15683, located in Scottdale, Pennsylvania, has a population of 8,609 as of 2022. This area features a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory consisting of 32 total units, all of which are designated as low-income units. Based on the estimated housing inventory of approximately 3,298 units, the LIHTC-funded affordable housing covers about 0.97% of the zip code's housing stock.
The LIHTC program has invested $659,588 in project tax credits for affordable housing in this zip code. This translates to an average federal funding of $20,612 per unit. This investment represents 0.11% of Pennsylvania's total LIHTC funding allocation.
The sole LIHTC-funded project in this zip code is Scottdale Court, completed in 2013. This project marks both the beginning and the current extent of LIHTC-funded affordable housing in the area, spanning nearly a decade of presence. Scottdale Court comprises 32 units, with a mix of 28 one-bedroom and 4 two-bedroom apartments. This distribution suggests a focus on accommodating smaller households or individuals.
Over the past decade, the zip code has experienced some demographic shifts. The population has remained relatively stable, with a slight decrease from 8,745 in 2013 to 8,609 in 2022. Median income has shown an upward trend, rising from $44,894 in 2013 to $53,717 in 2022, indicating a potential improvement in overall economic conditions.
Racial composition has remained predominantly white, consistently above 94% throughout the decade. There has been a slight increase in diversity, with the percentage of residents identifying as two or more races growing from 1% in 2013 to 3% in 2022.
The completion of Scottdale Court in 2013 coincided with the beginning of this demographic data collection period. The stable population and increasing median income suggest that while the need for affordable housing persists, it may not have significantly expanded since the project's completion.
The zip code 15683 in Scottdale, Pennsylvania, has a modest LIHTC-funded affordable housing presence, with one project providing 32 units of low-income housing. This represents a small fraction of the estimated housing stock. The area has seen stable population levels and increasing median incomes over the past decade, with minimal changes in racial composition. While the LIHTC investment has contributed to the affordable housing inventory, the relatively low percentage of coverage suggests there may be additional opportunities or needs for affordable housing in this zip code, which could be addressed through LIHTC or other housing programs.