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Affordable Housing in Sicklerville: LIHTC Program's Decade-Long Impact
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Sicklerville, located in New Jersey, has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 317 units, all of which are designated as low-income. This represents approximately 1.72% of the city's estimated 18,473 housing units, indicating a modest contribution of LIHTC to affordable housing in the area.
Sicklerville has received $8,176,699 in project tax credits through the LIHTC program, distributed across approximately 9 projects. This translates to an average of $908,522 in federal funding per project and about $25,794 per unit. The city holds 1.09% of the total state LIHTC funding, suggesting a moderate share of New Jersey's affordable housing investment.
The development of affordable housing in Sicklerville spans from 2003 to at least 2015, with projects such as Christ Care Senior Housing completed in 2003 and Winslow Cross Creek finished in 2015. The 2010s saw the most project completions, including Edgewood Acres IV (2012), Revere Run (2013), and Winslow Commons Phase II and Winslow Meadows Phase II (both in 2014). Of the total units, 95 are one-bedroom, indicating a focus on smaller households or individuals.
Sicklerville's population has grown from 46,555 in 2010 to 48,215 in 2022. The median income has increased from $83,413 in 2013 to $89,175 in 2022, suggesting improved economic conditions. The city maintains a diverse population, with the Black population remaining stable at 34-36%, the Hispanic population increasing slightly from 7% in 2013 to 10% in 2022, and the White population decreasing marginally from 50% in 2013 to 47% in 2022.
These demographic shifts, particularly population growth and income increase, may have influenced the demand for affordable housing in Sicklerville. The steady diversity in racial composition might indicate a need for continued focus on equitable housing opportunities.
Sicklerville's LIHTC-funded affordable housing inventory represents a small but significant portion of its housing stock. The city has received substantial federal funding for these projects, with development occurring primarily in the 2010s. While the affordable housing coverage is modest compared to the estimated total housing units, other programs may also contribute to the city's affordable housing inventory. The demographic trends suggest an evolving housing landscape that may require ongoing attention to affordable housing needs.
