Loading Content...
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The Stadium District in Philadelphia, Pennsylvania, has a presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood contains 25 affordable units, all designated as low-income. Based on the 2022 population of 4,724 and the national average household size of 2.61, the estimated housing inventory is approximately 1,810 units. LIHTC-funded affordable housing comprises about 1.38% of the estimated housing inventory in the neighborhood.
The LIHTC program has invested $219,252 in tax credits for affordable housing projects in the Stadium District, averaging $8,770 per unit in federal funding. The neighborhood's affordable housing inventory consists of a single project, the Apartments At Mulberry Corners, completed in 2000. This project has provided affordable housing options in the neighborhood for over two decades.
The Apartments At Mulberry Corners consists of 25 units, including 23 one-bedroom units and 2 two-bedroom units. This distribution indicates a focus on accommodating smaller households or individuals in need of affordable housing options.
The Stadium District has experienced demographic shifts over the past decade. The population has fluctuated, peaking at 5,563 residents in 2019 and decreasing to 4,724 by 2022. Median income has varied, reaching $69,950 in 2014 and declining to $57,523 in 2022. This recent decrease in median income may suggest a growing need for affordable housing options in the neighborhood.
Racial demographics have also changed. The proportion of Asian residents increased from 13% in 2013 to 24% in 2022. The white population decreased from 75% to 57% during the same period. The Hispanic population grew from 2% to 7%, while the Black population remained relatively stable. These changes reflect the neighborhood's increasing diversity.
No new LIHTC projects have been developed in the Stadium District since 2000. This could be attributed to factors such as land availability, zoning regulations, or the presence of other affordable housing programs not captured in this data.
The Stadium District's LIHTC-funded affordable housing inventory, limited to one project, has been a consistent presence for over 20 years. The Apartments At Mulberry Corners provides 25 low-income units, primarily one-bedroom apartments. While this covers a small percentage of the estimated housing inventory, it represents a significant investment in affordable housing for the area. The neighborhood has experienced demographic changes in recent years, including population fluctuations, a decrease in median income, and increasing racial diversity. These trends may indicate an evolving need for affordable housing options in the Stadium District, which could inform future housing policy and development decisions.