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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Roxborough, a neighborhood in Philadelphia, Pennsylvania, has a specific affordable housing profile influenced by the Low-Income Housing Tax Credit (LIHTC) program. The neighborhood contains 38 LIHTC-funded affordable housing units, all of which are designated as low-income units. Based on the 2022 population of 14,999 and using the national average household size, there are approximately 5,747 housing units in Roxborough. The LIHTC-funded affordable housing comprises about 0.66% of the estimated housing inventory in the neighborhood.
The LIHTC program has invested $274,866 in tax credits for affordable housing in Roxborough. This equates to an average federal funding of $7,233 per unit. The neighborhood's only LIHTC project, Pensdale II, was completed in 2009, representing over a decade of affordable housing presence in the area.
Pensdale II consists of 38 units, with a distribution of 35 one-bedroom and 3 two-bedroom apartments. This configuration indicates a focus on housing for smaller households or individuals.
Roxborough has experienced demographic changes over the past decade. The population has increased from 13,862 in 2013 to 14,999 in 2022, indicating a modest growth in residents. Median income has also increased significantly, from $72,982 in 2013 to $85,952 in 2022, suggesting an overall improvement in economic conditions for the neighborhood.
Racial demographics have shown some shifts. While the neighborhood remains predominantly white, there has been a decrease in the white population from 88% in 2013 to 80% in 2022. Concurrently, there have been small increases in other racial groups, particularly in the Black and Hispanic populations.
The absence of new LIHTC projects in the last decade may be attributed to the rising median income and the relatively low percentage of minority populations, which might indicate less urgent need for additional affordable housing through this specific program.
Roxborough's affordable housing landscape is characterized by a single LIHTC project, Pensdale II, which provides 38 low-income units. This represents a small portion of the neighborhood's estimated housing inventory, but it has been a stable presence since 2009. The neighborhood has experienced population growth and significant income increases over the past decade, along with slight shifts in racial demographics. These changes may have influenced the lack of new LIHTC developments in recent years. Other affordable housing programs not captured in this data may also be contributing to the neighborhood's housing needs.