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Limited Affordable Housing in Zip Code 15101: Analysis of LIHTC Funding in Allison Park, 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 15101, located in Allison Park, Pennsylvania, presents a unique case study in affordable housing funded by the Low-Income Housing Tax Credit (LIHTC) program. This area contains a total of 2 affordable units, all of which are classified as low-income units. Based on the 2022 population of 26,038 and an estimated 9,976 housing units, LIHTC-funded affordable housing comprises approximately 0.02% of the zip code's housing inventory. This percentage indicates a minimal presence of LIHTC-funded affordable housing in the area.
The LIHTC program has allocated $523,243 in project tax credits for affordable housing in zip code 15101. With 2 total units funded, this equates to an average federal investment of $261,621.50 per unit. This zip code accounts for 0.09% of the total LIHTC funding allocated to Pennsylvania. The sole LIHTC-funded project in this zip code is Hearth Benedictine Pl-Shaler, completed in 2013. This project represents both the inception and the current extent of LIHTC-funded affordable housing in the area. The project consists of one two-bedroom unit and one three-bedroom unit, providing options for different household sizes.
Over the past decade, the population in zip code 15101 has remained relatively stable, with a slight increase from 25,084 in 2013 to 26,038 in 2022. The median income has fluctuated, reaching a peak of $104,054 in 2021 before decreasing to $93,145 in 2022. This high median income may partially explain the limited LIHTC-funded affordable housing in the area.
The racial composition of zip code 15101 has remained predominantly white, with a slight decrease from 93% in 2013 to 91% in 2022. There has been a small increase in diversity, with slight growth in Asian, Black, and Hispanic populations, as well as those identifying as two or more races.
Zip code 15101 in Allison Park, Pennsylvania, has a very limited LIHTC-funded affordable housing presence, with only one project providing two low-income units. Despite the substantial per-unit investment, these units represent a small fraction of the estimated housing inventory. The area's high median income and stable, predominantly white population may influence the perceived need for affordable housing. It is important to note that other affordable housing programs not captured in this data may be serving the community's needs.
