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Affordable Housing in Dudley, Camden: LIHTC's Impact on a Diverse 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
The Dudley neighborhood in Camden, New Jersey, has a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The area contains 303 low-income units across approximately 4 LIHTC projects. Based on the 2022 population of 3,337 and an estimated 1,279 housing units, LIHTC-funded affordable housing comprises about 23.7% of the neighborhood's estimated housing inventory. This percentage indicates that LIHTC projects play a substantial role in providing affordable housing options in Dudley.
The LIHTC program has invested $2,067,884 in tax credits for affordable housing projects in Dudley. This equates to an average federal funding of about $6,825 per unit. The neighborhood has a history of affordable housing development spanning at least a decade, with the earliest project, West Wynne, completed in 1992, and the most recent named project, North 32Nd Street Project, finished in 2002.
The 1990s saw the most activity in LIHTC-funded housing development, with projects like West Wynne and West Wynne / Church Street being completed in 1992 and 1993 respectively. The Peter J. Mcguire Gardens Preservation project, though its completion year is not specified, represents ongoing efforts to maintain and potentially expand affordable housing options in Dudley.
Over the last decade, Dudley's population has fluctuated, decreasing from 3,863 in 2011 to 3,337 in 2022. The median income has shown variability, ranging from $31,060 in 2018 to $42,061 in 2019, with the most recent figure at $33,874 in 2022. This economic instability underscores the continued need for affordable housing in the area.
The racial composition of Dudley has remained relatively stable, with a predominant Hispanic population (71% in 2022) and significant Black representation (22% in 2022). The consistency in these demographics suggests a sustained need for affordable housing that caters to these communities.
The Dudley neighborhood in Camden demonstrates a substantial commitment to affordable housing through its LIHTC-funded projects. With 303 low-income units covering nearly a quarter of the estimated housing inventory, these projects play a crucial role in addressing housing needs. The area has seen consistent development of affordable housing since the early 1990s, reflecting long-term investment in community housing solutions. The demographic trends, including fluctuating income levels and a stable racial composition dominated by Hispanic and Black residents, underscore the ongoing importance of maintaining and potentially expanding affordable housing options in Dudley to meet the needs of its diverse and economically varied population.
