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The Impact of LIHTC on Affordable Housing in Pittsburgh's Morningside Neighborhood
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Morningside, a neighborhood in Pittsburgh, Pennsylvania, contains Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood has 46 total units in LIHTC-funded projects, with 39 designated as low-income units. Based on the 2022 population of 3,308 and using the national average household size, there are approximately 1,267 housing units in the neighborhood. The LIHTC-funded affordable housing units represent about 3.6% of the estimated housing inventory in Morningside.
The LIHTC program has invested in Morningside's affordable housing, with project tax credits totaling $1,196,630. This equates to an average federal funding of about $26,014 per unit in LIHTC-funded projects. The neighborhood's LIHTC inventory includes 4 one-bedroom units and 6 two-bedroom units, providing housing options for different household sizes.
Morningside Crossing, completed in 2018, is a notable LIHTC project in the neighborhood. This project is the most recent addition to Morningside's affordable housing stock and demonstrates ongoing efforts to address housing needs in the area.
Morningside has experienced demographic shifts over the past decade. The population has decreased from 3,488 in 2013 to 3,308 in 2022. The median income has increased from $44,662 in 2013 to $71,408 in 2022, indicating a trend towards higher-income households in the neighborhood.
Racial demographics have also changed. The white population has increased from 80% in 2013 to 85% in 2022, while the Black population has decreased from 15% to 6% over the same period. The Hispanic population has increased slightly from 2% to 3%.
The completion of Morningside Crossing in 2018 coincides with a period of rising median incomes and changing racial demographics in the neighborhood. This suggests that the LIHTC project may have been developed in response to evolving housing needs and to maintain some level of affordability in an increasingly affluent area.
Morningside's LIHTC-funded affordable housing inventory represents an effort to maintain affordable options in the neighborhood. The single LIHTC project, Morningside Crossing, was completed during a period of significant demographic change, characterized by rising incomes and shifts in racial composition. While the affordable housing stock covers a small percentage of the estimated housing inventory, it provides low-income units in an area that has seen substantial economic growth over the past decade.
