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Affordable Housing in Harrowgate: LIHTC's Limited Impact Amid Demographic Shifts
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Harrowgate, a neighborhood in Philadelphia, Pennsylvania, has a total of 4 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. These units are all designated as low-income. Based on the 2022 population of 14,675 and the national average household size of 2.61, the estimated number of housing units in the neighborhood is 5,623. LIHTC funded affordable housing represents approximately 0.07% of the estimated housing inventory in Harrowgate.
The LIHTC program has allocated $3,344 in project tax credits for affordable housing in Harrowgate. This equates to an average federal funding of $836 per unit. Affordable housing projects funded by LIHTC have been present in Harrowgate since 1989, with the most recent project completed in 1992. This indicates a three-decade presence of LIHTC-funded affordable housing in the neighborhood.
The affordable housing inventory in Harrowgate comprises one project from the 1980s, "3337 Frankford Ave," and one from the 1990s, "Single Family Dwelling." The units consist of 3 two-bedroom units and 1 three-bedroom unit, suitable for small and medium-sized families.
Harrowgate's population has fluctuated over the past decade, reaching a peak of 16,745 in 2017 and decreasing to 14,675 by 2022. The median income has shown an overall upward trend, increasing from $18,009 in 2013 to $26,526 in 2022. This rise in median income may partially explain the absence of new LIHTC projects in recent years.
The racial composition of Harrowgate has undergone significant changes. The Hispanic population has increased from 50% in 2013 to 70% in 2022. Conversely, the Black population has decreased from 25% to 12%, and the White population has slightly decreased from 19% to 16% during the same period. These demographic shifts may influence future affordable housing needs and strategies in the neighborhood.
Harrowgate's LIHTC-funded affordable housing inventory is relatively small, representing only a fraction of the estimated housing units. The neighborhood experienced LIHTC project completions in the late 1980s and early 1990s, but none in recent years. Despite this, the area has undergone demographic changes, including population fluctuations, increasing median income, and a growing Hispanic population. These factors may impact future affordable housing needs and development in Harrowgate.
