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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Haddington, a neighborhood in Philadelphia, Pennsylvania, has a notable presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood contains 141 total affordable units, all of which are designated as low-income units. Based on the 2022 population of 19,931 and using the national average household size of 2.61, the estimated number of housing units in the neighborhood is approximately 7,636. The LIHTC funded affordable housing represents about 1.85% of the estimated housing inventory in Haddington.
The LIHTC program has invested $973,052 in tax credits for affordable housing projects in Haddington. This equates to an average federal funding of approximately $6,901 per unit. The neighborhood has experienced a sustained commitment to affordable housing, with the earliest LIHTC project completed in 1988 and the most recent in 2007, encompassing nearly two decades of development.
The 1980s and 1990s were particularly active periods for affordable housing development in Haddington. Significant projects from this era include the "5728 Filbert St" and "5730 Filbert St" projects completed in 1988, and the "Brooks School Apts" finished in 1999. The year 1990 saw the highest number of project completions, with six developments including "334 N Redfield St" and "Market Street."
Haddington's LIHTC funded housing stock offers a range of unit types. Of the 141 total units, there are 65 one-bedroom units, 14 two-bedroom units, 40 three-bedroom units, and 10 four-bedroom units. This distribution indicates a focus on accommodating various household sizes, from individuals to larger families.
Over the past decade, Haddington's population has remained relatively stable, fluctuating between 19,931 and 21,651 residents. The median income has shown a gradual increase, rising from $20,917 in 2013 to $29,758 in 2022. This 42% increase in median income over nine years may indicate improving economic conditions for some residents, but this level of income still suggests a continued need for affordable housing options.
The racial composition of Haddington has remained predominantly Black, consistently accounting for over 90% of the population throughout the past decade. There has been a slight increase in the Hispanic population, growing from 1% in 2013 to 4% in 2022. This demographic stability suggests that the existing LIHTC funded housing continues to serve the neighborhood's long-term residents.
Haddington's LIHTC funded affordable housing inventory, while covering a small percentage of the estimated housing stock, represents a consistent effort to provide low-income housing options. The neighborhood has seen steady development of affordable units from the late 1980s through the 2000s, with a variety of unit sizes to accommodate different household needs. While median incomes have increased over the past decade, the levels still indicate a potential ongoing need for affordable housing. The stable racial demographics suggest that these LIHTC projects continue to serve the neighborhood's established community.