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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
East Poplar, a neighborhood in Philadelphia, Pennsylvania, has a population of 1,974 as of 2022. The Low-Income Housing Tax Credit (LIHTC) program has funded affordable housing projects in this area. There are 146 total units in LIHTC-funded projects, with 65 designated as low-income units. Based on the estimated housing inventory of 756 units, LIHTC-funded affordable housing comprises approximately 19.3% of the neighborhood's housing stock.
The LIHTC program has invested $1,232,702 in tax credits for affordable housing projects in East Poplar. This equates to an average federal funding of $8,443 per unit across all LIHTC-funded projects in the neighborhood. Two notable LIHTC projects in East Poplar are Guild House East and Martha A Lang Senior Cyber Village, both completed in 2008. This indicates that affordable housing has been present in the neighborhood for at least 15 years.
The LIHTC-funded housing inventory in East Poplar consists of 55 efficiencies, 83 one-bedroom units, and 8 two-bedroom units. This distribution suggests a focus on smaller households and potentially senior housing.
Over the past decade, East Poplar has experienced demographic shifts. The population has grown from 1,641 in 2013 to 1,974 in 2022, an increase of about 20%. The median income has fluctuated, starting at $25,749 in 2013, peaking at $33,359 in 2018, and settling at $29,445 in 2022. Racial demographics have also changed. The Black population has decreased from 59% in 2013 to 49% in 2022, while the White population has increased from 17% to 33% during the same period. The Asian population has remained relatively stable, hovering around 7-10%. These demographic changes, particularly the population growth and income fluctuations, may indicate an ongoing need for affordable housing in the neighborhood.
East Poplar's LIHTC-funded affordable housing inventory plays a significant role in the neighborhood's housing landscape, covering nearly 20% of the estimated housing stock. The two LIHTC projects, both completed in 2008, have provided a mix of unit types, with a focus on smaller units. The neighborhood has experienced population growth and demographic shifts over the past decade, suggesting an ongoing need for affordable housing options. The LIHTC program's investment of over $1.2 million in tax credits demonstrates a substantial commitment to affordable housing in this Philadelphia neighborhood.