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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
McKeesport, a city in Pennsylvania, has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 188 units, all of which are designated as low-income units. This represents approximately 2.8% of the city's estimated 6,800 housing units. The LIHTC program in McKeesport has received $2,283,125 in project tax credits, distributed across approximately 8 projects. This translates to an average federal funding of $285,391 per project and $12,144 per unit. McKeesport's share of Pennsylvania's total LIHTC funding is 0.38%, indicating a modest portion of the state's affordable housing resources.
The city's LIHTC funded affordable housing development spans from 1988 to 2015, demonstrating a long-term commitment to providing affordable housing options. The first project, "814 Huey St," was completed in 1988, while the most recent, "Yester Square," was finished in 2015. The 1980s saw the highest activity, with three projects completed during that decade. McKeesport's LIHTC inventory includes a diverse mix of unit types: 84 efficiencies, 51 one-bedroom units, 31 two-bedroom units, 21 three-bedroom units, and 1 four-bedroom unit. This distribution suggests an effort to accommodate various household sizes and needs.
McKeesport has experienced a declining population trend over the past decade, decreasing from 19,742 in 2013 to 17,749 in 2022. Despite this population decrease, the median income has shown a positive trend, rising from $27,419 in 2013 to $34,191 in 2022. This increase in median income might indicate a reduced need for additional affordable housing in recent years. The racial composition of McKeesport has also shifted during this period. The percentage of Black residents increased from 29% in 2013 to 36% in 2022, while the White population decreased from 61% to 53%. The Hispanic population remained relatively stable, increasing slightly from 3% to 4%.
These demographic changes may influence future affordable housing needs and strategies in the city. The shifting racial composition and income levels could impact the demand for affordable housing and the types of units required to meet the community's needs.
McKeesport's LIHTC funded affordable housing inventory represents a small but significant portion of the city's estimated housing stock. The program has provided consistent support for affordable housing over nearly three decades, with a diverse range of unit types to accommodate different household needs. While the population has been declining, the rising median income suggests potential changes in the affordable housing landscape. The city's demographic shifts, particularly in racial composition, may influence future affordable housing strategies and needs in McKeesport.