Parkchester, a neighborhood in the Bronx, New York, contains 342 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. These units, all designated as low-income, represent approximately 2% of the estimated 17,292 housing units in the neighborhood. This percentage is below the 15-20% target for affordable housing stock in a balanced community. The LIHTC program has invested $3,336,386 in tax credits in Parkchester, averaging $9,755 per unit.

The development of LIHTC-funded housing in Parkchester began in the 2010s. The earliest known project, Park West Apartments, was completed in 2016, followed by Westchester Mews in 2019. This indicates that LIHTC-funded affordable housing has been present in the neighborhood for at least six years. The housing inventory includes 76 efficiencies, 108 one-bedroom units, 122 two-bedroom units, and 36 three-bedroom units, catering to various household sizes within the low-income population.

Parkchester's population has grown from 43,162 in 2010 to 45,131 in 2022, coinciding with the introduction of LIHTC-funded housing. The median income has increased from $49,393 in 2013 to $57,809 in 2022, suggesting overall economic improvement. Racial demographics have shifted, with the Hispanic population remaining stable at 46-47%, the Black population decreasing from 39% to 28%, and the Asian population increasing from 11% to 19% between 2013 and 2022.