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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Tioga, a neighborhood in Philadelphia, Pennsylvania, has a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The neighborhood contains 561 total affordable housing units in LIHTC-funded projects, all of which are designated as low-income units. This indicates a substantial commitment to providing affordable housing options in the area.
Based on the 2022 population of 11,598 and using the national average household size of 2.61, the estimated number of housing units in Tioga is approximately 4,444. The 561 LIHTC-funded affordable units represent about 12.6% of this estimated housing inventory, demonstrating a considerable contribution to the neighborhood's affordable housing stock.
The LIHTC program has made significant investments in Tioga, with project tax credits totaling $3,273,027. This equates to an average federal funding of approximately $5,834 per unit across the 561 LIHTC-funded units. Affordable housing has been a consistent feature in Tioga since 1988, with the completion of Roberts House, the earliest LIHTC project in the area.
The most recent projects with known completion dates are Opportunities Towers I/II and Venango House Apts, both finished in 2013, spanning a 25-year period of affordable housing development. The 1990s saw the highest number of LIHTC project completions in Tioga, including notable projects such as Edgewood Manor Apts (1993), Tioga Gardens (1995), and Tioga Affordable Housing One (1997) and Two (1998).
The LIHTC-funded housing in Tioga offers a range of unit types. The 561 total units comprise 33 efficiencies, 413 one-bedroom units, 74 two-bedroom units, 29 three-bedroom units, and 2 four-bedroom units. This distribution indicates a focus on accommodating smaller households or individuals.
Tioga's population has experienced a slight decline over the past decade, decreasing from 13,126 in 2014 to 11,598 in 2022. However, the median income has shown an upward trend, increasing from $20,856 in 2014 to $26,382 in 2022. This may indicate an improving economic situation for some residents, while still maintaining a need for affordable housing options.
The racial composition of Tioga has remained relatively stable, with a predominantly Black population (85% in 2022). There has been a minor increase in diversity, with small growth in the Hispanic population (from 2% in 2014 to 6% in 2022) and those identifying as two or more races (from 0% in 2014 to 5% in 2022).
Tioga's LIHTC-funded affordable housing inventory plays a significant role in the neighborhood's housing landscape, covering approximately 12.6% of the estimated housing units. The area has seen consistent investment in affordable housing over a 25-year period, with a diverse range of unit types catering to various household sizes. While the population has slightly decreased, median income has risen, and there has been a small increase in racial diversity. These trends, coupled with the continued presence of LIHTC projects, suggest an ongoing commitment to maintaining affordable housing options in Tioga.