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Affordable Housing Analysis in Woodlyn, Pennsylvania: Zip Code 19094's LIHTC Program Impact
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 19094, located in Woodlyn, Pennsylvania, has a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The area contains 154 units in LIHTC-funded projects, with 109 designated as low-income units. Based on the 2022 population of 4,921 and an estimated 1,885 housing units in the zip code, LIHTC-funded affordable housing comprises approximately 8.2% of the total housing inventory.
The LIHTC projects in zip code 19094 have received $3,478,746 in tax credits, averaging about $22,590 per unit. This funding represents 0.58% of Pennsylvania's total LIHTC allocations, indicating a substantial investment in affordable housing for this area. Affordable housing development in this zip code began at least in 2015 with the completion of Kinder Park Phase I. The most recent project, Kinder Park Phase III, was completed in 2017, suggesting a concentrated effort to develop affordable housing over a three-year period.
The LIHTC-funded projects in zip code 19094 offer a mix of unit types, with a majority being two-bedroom units (106), followed by three-bedroom units (40), and a smaller number of one-bedroom units (8). This distribution suggests a focus on accommodating families and households of various sizes. The 2010s saw the most affordable housing development activity in this zip code.
Over the past decade, zip code 19094 has experienced fluctuations in population, with a general upward trend. The median income has also shown variability, rising from $59,538 in 2019 to $64,399 in 2022. This increase in median income coincides with the completion of LIHTC projects, potentially indicating a positive impact on the local economy.
Racial demographics in zip code 19094 have remained relatively stable, with a slight decrease in the white population from 81% in 2013 to 76% in 2022. The Hispanic population has seen a modest increase from 3% to 10% during this period. These demographic shifts may reflect changing housing needs in the community.
The LIHTC program has made a significant contribution to affordable housing in zip code 19094, with projects completed between 2015 and 2017. The 154 units, including 109 low-income units, represent a substantial portion of the area's housing stock. The focus on two and three-bedroom units suggests an emphasis on family-oriented affordable housing. While demographic changes have been modest, the area has seen some increase in diversity and median income over the past decade, potentially influenced by these housing developments.
