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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Pittsburgh, Pennsylvania, has a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory, comprising 4,067 total units, with 3,287 designated as low-income units. This represents approximately 3.5% of the city's estimated housing stock of 116,056 units.
Pittsburgh has received $39,991,096 in project tax credits through the LIHTC program. With approximately 102 projects, this translates to an average federal funding of about $392,070 per project and $9,833 per unit. The city holds 6.69% of the total state LIHTC funding.
LIHTC-funded affordable housing has been present in Pittsburgh since at least 1987, with projects like Bates Hill and Wood Street Commons among the earliest developments. The most recent projects include Miller Street Apartments, completed in 2019. This 32-year span demonstrates a long-term commitment to affordable housing in the city.
The 1980s and 1990s saw significant affordable housing development, with multiple projects completed each year. Notable projects from this period include Liberty Point Apartments (1989) and Crawford Square Phase III (1999). The 2010s also saw considerable activity, with projects like Homewood Senior Apartments (2014) and Larimer Phase 1 (2015) being completed.
Pittsburgh's LIHTC-funded housing stock is diverse, featuring 40 efficiencies, 2,201 one-bedroom units, 1,052 two-bedroom units, 298 three-bedroom units, and 119 four-bedroom units. This variety caters to different household sizes and needs within the low-income population.
Some projects target specific populations, such as Penn Mathilda Apartments, which focuses on veterans. This type of specialized housing can address unique needs within the community, providing tailored support and services.
Over the past decade, Pittsburgh's population has remained relatively stable, with a slight decrease from 305,759 in 2010 to 302,905 in 2022. During this period, the median income has shown significant growth, rising from $42,004 in 2013 to $63,380 in 2022. The racial composition has remained fairly consistent, with a slight decrease in the Black population (from 24% to 19%) and a small increase in the Hispanic population (from 3% to 4%).
In summary, Pittsburgh's LIHTC-funded affordable housing inventory represents a significant investment in addressing the housing needs of low-income residents. While it covers a modest portion of the city's total housing stock, the long-term commitment and diverse unit types suggest a sustained effort to provide affordable housing options. The recent increase in median income, coupled with the ongoing development of LIHTC projects, indicates a continued focus on maintaining affordable housing availability in the face of economic changes.