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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 19132 in Philadelphia, Pennsylvania, demonstrates a significant commitment to affordable housing through Low-Income Housing Tax Credit (LIHTC) funded projects. This area contains 636 total units in LIHTC-funded developments, including 519 low-income units. Based on an estimated 12,885 housing units in the zip code, LIHTC-funded affordable housing comprises approximately 4.9% of the total housing inventory.
The LIHTC projects in zip code 19132 have received $8,059,482 in project tax credits, averaging about $12,672 per unit. This allocation represents 1.35% of Pennsylvania's total LIHTC funding, indicating a notable concentration of affordable housing investment in this area.
Affordable housing has been a consistent priority in zip code 19132 since 1988. The earliest LIHTC projects include Garnet House, Opal House, and Ringgold House, all completed in 1988. The most recent developments are 2415 North Broad Street and The Lofts at 2601, both completed in 2017, illustrating nearly three decades of continuous affordable housing development.
The 1980s and 1990s witnessed the most significant affordable housing activity in zip code 19132, with multiple projects completed during this period. Notable developments from this era include Allegheny Hall Apartments (1991), Allegheny West I (1992), and Station House Apartments (1997).
The LIHTC-funded housing in zip code 19132 offers a diverse range of unit types. Out of the 636 total units, there are 226 efficiencies, 57 one-bedroom units, 185 two-bedroom units, 126 three-bedroom units, and 10 four-bedroom units. This variety accommodates different household sizes and needs within the community.
Over the past decade, zip code 19132 has experienced demographic shifts. The population has decreased from 37,184 in 2015 to 33,629 in 2022. Despite this decline, the median income has shown a positive trend, rising from $19,470 in 2015 to $27,608 in 2022.
The racial composition of zip code 19132 has remained relatively stable, with a predominantly Black population (87% in 2022). However, there has been a slight increase in diversity, with small increases in the Hispanic (from 2% to 4%) and White (from 3% to 5%) populations between 2015 and 2022.
These demographic changes, particularly the rising median income, may influence future affordable housing needs in zip code 19132. However, with the median income still relatively low compared to national averages, there likely remains a significant need for affordable housing options.
Zip code 19132 in Philadelphia demonstrates a substantial commitment to affordable housing through LIHTC-funded projects. With 636 total units, including 519 low-income units, these developments cover nearly 5% of the estimated housing inventory. The area has seen consistent affordable housing development over three decades, with a diverse range of unit types to accommodate various household sizes. While the population has slightly decreased in recent years, rising median incomes and stable racial demographics suggest an ongoing need for affordable housing options in this community.