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Affordable Housing Evolution in Woodlyn: LIHTC Program's Impact on a Pennsylvania Suburb
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Woodlyn, Pennsylvania, with a population of 10,349 as of 2022, has utilized the Low-Income Housing Tax Credit (LIHTC) program to fund 154 total units, including 109 low-income units. This represents approximately 3.9% of the city's estimated housing inventory of 3,965 units.
The LIHTC program has provided $3,478,746 in project tax credits to Woodlyn. With three projects, this averages $1,159,582 in federal funding per project and $22,589 per unit. Woodlyn's share of Pennsylvania's total LIHTC funding is 0.58%, indicating a notable contribution to the state's affordable housing efforts.
Affordable housing development in Woodlyn occurred from 2015 to 2017, with projects including Kinder Park Phase I (2015), Kinder Park Phase II (2016), and Kinder Park Phase III (2017). This three-year period demonstrates a consistent effort to increase affordable housing options in the city.
The LIHTC-funded housing in Woodlyn comprises 8 one-bedroom units, 106 two-bedroom units, and 40 three-bedroom units, accommodating households of various sizes.
Woodlyn's population increased from 9,268 in 2019 to 10,349 in 2022. The median income rose from $69,100 in 2019 to $74,154 in 2022, potentially indicating an increased need for affordable housing options.
The city's racial demographics have shown slight changes from 2018 to 2022. The white population remained stable at approximately 82%. The Black population decreased from 13% in 2019 to 7% in 2022, while the Asian population increased from 1% to 4%. The Hispanic population grew from 4% to 6%. These demographic shifts may influence future affordable housing needs and planning.
In summary, Woodlyn's LIHTC-funded affordable housing constitutes a small but significant portion of its housing inventory. The city experienced consistent affordable housing development from 2015 to 2017, focusing on two- and three-bedroom units. Recent population growth, income increases, and demographic changes suggest that ongoing assessment of affordable housing needs will be crucial for Woodlyn's future housing strategies.
