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Affordable Housing Analysis in Zip Code 19119: A Three-Decade LIHTC Inventory
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 19119 in Philadelphia, Pennsylvania, contains a notable Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. This area comprises 244 affordable housing units, all designated as low-income. The LIHTC-funded affordable housing represents approximately 2.17% of the zip code's estimated 11,247 housing units.
The LIHTC projects in zip code 19119 have received $3,310,042 in project tax credits, averaging $13,566 in federal funding per unit. This zip code accounts for 0.55% of the total state LIHTC funding, indicating a modest contribution to Pennsylvania's affordable housing initiatives.
Affordable housing has been present in this zip code for nearly 30 years. The initial LIHTC project, Germantown Avenue Apts, was completed in 1994, while the most recent project, Nugent Senior Apartments, was finished in 2013. The 2010s experienced the most affordable housing development, with three projects completed: New Courtland Apt @ Cliveden, Presser Senior Apts (both in 2011), and Nugent Senior Apartments (2013).
The LIHTC-funded housing inventory in zip code 19119 consists of 10 efficiencies, 165 one-bedroom units, 17 two-bedroom units, and 7 three-bedroom units. This distribution indicates a focus on smaller households and potentially senior living accommodations.
The population in zip code 19119 has shown a slight increase over the past decade, growing from 28,860 in 2014 to 29,354 in 2022. The median income has risen significantly, from $69,118 in 2014 to $79,632 in 2022, representing a 15.2% increase.
Racial demographics have remained relatively stable, with a slight decrease in the Black population (from 58% in 2014 to 55% in 2022) and a small increase in the White population (from 31% to 34%). The Hispanic population has grown modestly from 2% to 4% during this period.
The increase in median income and the relatively stable population may suggest a decreasing need for additional affordable housing in recent years, which could explain why no new LIHTC projects have been completed since 2013.
Zip code 19119 in Philadelphia has an established LIHTC-funded affordable housing inventory, with 244 units across six projects developed over nearly 30 years. While this represents only 2.17% of the estimated housing stock, other affordable housing programs may contribute to the area's overall affordable housing supply. The zip code has experienced a modest population increase and significant income growth over the past decade, potentially influencing the demand for affordable housing in recent years.
