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Affordable Housing Presence in Zip Code 15084: Three Decades of LIHTC Projects in Tarentum, Pennsylvania
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 15084, situated in Tarentum, Pennsylvania, contains a significant number of affordable housing units funded by the Low-Income Housing Tax Credit (LIHTC) program. This area encompasses 97 total units in LIHTC-funded projects, with 85 of these designated as low-income units. Based on the 2022 population of 10,023 and an estimated 3,840 housing units, the LIHTC-funded affordable housing comprises approximately 2.5% of the estimated housing inventory in this zip code.
The LIHTC projects in zip code 15084 have received $1,786,855 in tax credits, averaging about $18,422 per unit. This funding represents 0.3% of Pennsylvania's total LIHTC allocation, indicating a modest but notable investment in affordable housing for this area. Affordable housing has been present in this zip code for over three decades, with the initial LIHTC project, "210 E Eighth Ave," completed in 1991. The most recent project, "Tarentum Senior Housing Phase II," was finished in 2007.
The decade with the most affordable housing development was the 2000s, with three projects completed: Felix Negley Apts (2005), Tarentum Senior Housing (2006), and Tarentum Senior Housing Phase II (2007). The LIHTC-funded housing in this zip code offers a range of unit types. Of the 97 total units, there are 47 one-bedroom, 40 two-bedroom, 4 three-bedroom, and 6 four-bedroom units. This distribution indicates a focus on accommodating various household sizes, with a slight emphasis on smaller households.
Over the past decade, zip code 15084 has experienced a slight decline in population, from 10,526 in 2013 to 10,023 in 2022. Despite this decrease, the median income has shown an overall upward trend, rising from $47,442 in 2013 to $51,568 in 2022. This increase in median income may partially explain the lack of new LIHTC projects in recent years, as the area's economic profile may have shifted.
The racial composition of zip code 15084 has remained relatively stable, with a predominantly white population (93% in 2022). There has been a slight increase in diversity, with small increases in Hispanic and multi-racial residents. This demographic stability may have influenced the consistent, albeit limited, LIHTC housing inventory.
Zip code 15084 has a modest but established LIHTC-funded affordable housing presence, representing about 2.5% of the estimated housing inventory. The area experienced significant affordable housing development in the early 2000s, with a focus on diverse unit types to accommodate various household sizes. While the population has slightly decreased over the past decade, rising median incomes and stable racial demographics may have influenced the lack of recent LIHTC developments. The existing LIHTC projects continue to provide affordable housing options within this community.
