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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Upper Roxborough, a neighborhood in Philadelphia, Pennsylvania, has a limited presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood contains 4 affordable units, all of which are designated as low-income units. Based on the 2022 population of 14,561 and using the national average household size, approximately 5,579 housing units are estimated in the neighborhood. The LIHTC funded affordable housing comprises about 0.07% of the estimated housing inventory in Upper Roxborough.
The LIHTC program has provided $306,741 in tax credits for affordable housing projects in Upper Roxborough. This equates to an average federal funding of $76,685 per unit. The neighborhood's LIHTC funded affordable housing inventory consists of a single project, Fairthorne Senior Housing, completed in 2014. This project represents the entirety of LIHTC funded affordable housing in Upper Roxborough over the past decade.
All 4 units in the Fairthorne Senior Housing project are one-bedroom units, indicating a focus on accommodating single residents or couples. The project name suggests that it caters to senior citizens, addressing the housing needs of the older population in the neighborhood.
Over the past decade, Upper Roxborough has experienced population growth, increasing from 12,774 in 2013 to 14,561 in 2022. The median income has also risen significantly, from $77,098 in 2013 to $100,312 in 2022, indicating an overall improvement in the economic status of residents.
Racial demographics have shown shifts during this period. The white population decreased from 82% in 2013 to 74% in 2022, while the Black population increased from 9% to 14%. The Hispanic population also increased slightly from 4% to 6%. These changes indicate a gradual diversification of the neighborhood.
The completion of the Fairthorne Senior Housing project in 2014 coincides with the beginning of this demographic shift. However, the limited scale of LIHTC funded affordable housing in the area, compared to the population growth and rising median income, suggests that other factors may be influencing the neighborhood's changing demographics.
Upper Roxborough's LIHTC funded affordable housing inventory is small, consisting of a single project with 4 units completed in 2014. This represents a very small portion of the estimated housing stock in the neighborhood. The focus on senior housing addresses a specific demographic need. Over the past decade, the neighborhood has experienced population growth, rising median incomes, and gradual racial diversification. While the LIHTC project contributes to the affordable housing stock, its limited scale suggests that additional affordable housing initiatives or programs may be necessary to address the needs of the neighborhood's changing population.