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Affordable Housing in Paschall: LIHTC's Impact on a Philadelphia Neighborhood
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Paschall, a neighborhood in Philadelphia, Pennsylvania, contains Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood has 18 total units in LIHTC funded projects, with 17 designated as low-income units. Based on the 2022 population of 15,818 and the national average household size of 2.61, an estimated 6,061 housing units exist in the neighborhood. LIHTC funded affordable housing comprises approximately 0.3% of the estimated housing inventory in Paschall.
The LIHTC program has provided $12,693 in project tax credits for affordable housing in Paschall, averaging about $705 per unit in federal funding. LIHTC projects in the neighborhood were developed over several decades, with the earliest recorded projects completed in 1987 and the most recent available data showing projects completed in 1992. The late 1980s were the most active period for LIHTC project completions in Paschall, with multiple projects finished in 1987, including developments at 6220-22 Woodland Ave, 6425 Woodland Ave, 6538 Windsor St, and 6921 Saybrook Ave.
The LIHTC funded housing stock in Paschall includes a diverse mix of unit types. There is 1 efficiency unit, 7 two-bedroom units, 4 three-bedroom units, and 1 four-bedroom unit. This distribution indicates a focus on accommodating various household sizes, from individuals to larger families.
Over the past decade, Paschall's population has remained relatively stable, fluctuating between approximately 14,000 and 16,000 residents. The median income has shown a general upward trend, increasing from $26,697 in 2013 to $33,596 in 2022. This increase in median income may partially explain the lack of new LIHTC projects in recent years, as the neighborhood's economic profile may have shifted.
Regarding racial demographics, Paschall has consistently maintained a predominantly Black population, with percentages ranging from 78% to 85% over the past decade. There has been a slight increase in racial diversity, with small but growing Hispanic and multiracial populations.
Paschall's LIHTC funded affordable housing inventory, while modest in size, represents a long-standing commitment to providing low-income housing options in the neighborhood. The majority of LIHTC development occurred in the late 1980s and early 1990s, with a mix of unit sizes to accommodate diverse household needs. While the LIHTC funded units constitute a small percentage of the estimated housing stock, they contribute to the neighborhood's affordable housing options. The recent trends in population stability and increasing median income suggest a changing economic landscape in Paschall, which may influence future affordable housing needs and development in the area.
