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Affordable Housing in Germantown Morton: LIHTC Development and Demographic Stability
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Germantown Morton, a neighborhood in Philadelphia, Pennsylvania, contains 73 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. These units comprise approximately 3% of the estimated 2,415 housing units in the neighborhood, based on the 2022 population of 6,303 and the national average household size of 2.61. The LIHTC projects in Germantown Morton have received $214,449 in project tax credits, averaging $2,937 per unit in federal funding.
The development of LIHTC-funded affordable housing in Germantown Morton spans at least five years, with the earliest project completed in 1989 and the most recent identifiable project in 1994. The 1990s appear to be the primary decade for affordable housing development in the area, with notable projects including Magnolia Mews Apts (1992) and 532 E Mayland St (1994).
The affordable housing inventory in Germantown Morton consists of various unit sizes: 7 one-bedroom units, 30 two-bedroom units, 16 three-bedroom units, and 2 four-bedroom units. This distribution indicates accommodation for different family sizes, with a focus on two-bedroom units.
Germantown Morton has experienced demographic changes over the past decade. The population fluctuated from 5,324 in 2015 to 7,351 in 2020, then decreased to 6,303 in 2022. Median income varied, rising from $26,137 in 2015 to $34,662 in 2019, then declining to $33,109 in 2022.
The neighborhood has maintained a predominantly Black population, ranging from 87% to 90% over the past decade. The Hispanic population increased slightly from 1% in 2015 to 3% in 2022, while the White population remained stable at 5-7%.
The absence of new LIHTC projects in the last decade may be due to changes in funding priorities or local housing policies. The relatively stable median income and demographic composition suggest that the existing affordable housing stock may be meeting some of the neighborhood's needs.
Germantown Morton's affordable housing landscape is characterized by a small but significant LIHTC-funded inventory. The neighborhood experienced most of its LIHTC development in the 1990s, with diverse unit sizes accommodating different household needs. Despite the lack of recent LIHTC development, the neighborhood has undergone population fluctuations and modest income changes over the past decade. The consistent racial composition, predominantly Black, has remained a stable feature of the neighborhood's demographics.
