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Affordable Housing in Southwest Schuylkill: LIHTC Funded Units and Demographic Shifts
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Southwest Schuylkill, a neighborhood in Philadelphia, Pennsylvania, has a presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood has 11 total units in LIHTC funded projects, all designated as low-income units. Based on the 2022 population of 7,513 and using the national average household size, the estimated housing inventory in the neighborhood is approximately 2,879 units. The LIHTC funded affordable housing covers about 0.38% of the estimated housing units in the neighborhood.
The LIHTC projects in Southwest Schuylkill have received $20,831 in project tax credits. This translates to an average of $1,893.73 in federal funding per unit. The neighborhood's LIHTC funded affordable housing history spans from 1990 to 1992, indicating a relatively short period of development. The first project, "1441 S 50Th St," was completed in 1990, while the last projects, "Ithan Street" and "Rollie Assoc Iv," were finished in 1992.
The early 1990s saw the most affordable housing development in Southwest Schuylkill, with four projects completed in 1991 alone, including "2123 S Frazier St," "S Paxon St," and "Sw Philadelphia." This concentrated period of development suggests a focused effort to increase affordable housing options in the neighborhood during that time. Regarding unit types, the neighborhood's LIHTC funded projects include nine three-bedroom units and two four-bedroom units, indicating a focus on accommodating larger families or households.
Over the past decade, Southwest Schuylkill has experienced a decline in population, from 9,498 in 2013 to 7,513 in 2022. Despite this decrease, the median income has shown an overall upward trend, rising from $31,720 in 2013 to $36,241 in 2022, with some fluctuations in between.
The racial composition of the neighborhood has remained relatively stable, with a predominantly Black population. However, there has been a slight decrease in the Black population percentage from 86% in 2013 to 77% in 2022, accompanied by small increases in other racial groups, particularly those identifying as two or more races (from 0% to 7%) and Hispanic (from 0% to 3%). The lack of new LIHTC projects in the last decade could be related to the declining population and increasing median income, which might indicate a reduced need for additional low-income housing in the area.
Southwest Schuylkill's LIHTC funded affordable housing inventory, while modest in size, represents an important component of the neighborhood's housing landscape. The concentration of development in the early 1990s suggests a period of focused investment in affordable housing. Despite demographic shifts over the past decade, including population decline and income growth, these LIHTC units continue to provide valuable housing options for low-income residents. The presence of larger unit sizes indicates a consideration for family housing needs within the affordable housing stock.
