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Affordable Housing in Wissinoming: A Decade of Stagnation Amid 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
Wissinoming, a neighborhood in Philadelphia, Pennsylvania, has one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project. This project, Northeast I-Keystone, provides 23 low-income units, all one-bedroom apartments. Based on the 2022 population of 23,008 and using the national average household size, the estimated housing inventory for the neighborhood is approximately 8,815 units. The LIHTC-funded affordable housing covers about 0.26% of the estimated housing units in Wissinoming.
The Northeast I-Keystone project received $284,024 in tax credits, equating to approximately $12,349 in federal funding per unit. This project was completed in 2009, marking the beginning of LIHTC-funded affordable housing in Wissinoming. As there is only one LIHTC project in the neighborhood, it represents both the first and only affordable housing development under this program.
The 2000s were the decade with the most (and only) LIHTC affordable housing completed in Wissinoming. All 23 units in the project are one-bedroom apartments, indicating a focus on housing for individuals or small households.
Over the past decade, Wissinoming has experienced demographic shifts. The population has grown from 20,537 in 2015 to 23,008 in 2022, indicating an increasing demand for housing. Median income has remained relatively stable, ranging from $37,559 in 2015 to $39,868 in 2022, suggesting a consistent need for affordable housing options.
Racial demographics have also shifted. The Hispanic population has increased from 25% in 2015 to 35% in 2022, while the white population has decreased from 43% to 29% during the same period. The Black population has remained relatively stable, around 30-32%. These changes may indicate evolving housing needs within the community.
Despite these demographic shifts, no new LIHTC projects have been developed in Wissinoming since 2009. This could be due to various factors, including land availability, local zoning policies, or the presence of other affordable housing programs not captured in this data.
Wissinoming's LIHTC-funded affordable housing inventory consists of a single project with 23 one-bedroom units, completed in 2009. While this project provides affordable housing options, it represents a small fraction of the neighborhood's estimated housing stock. The area has experienced population growth and racial demographic shifts over the past decade, potentially indicating changing housing needs. Further research into other affordable housing programs and local housing policies would provide a more comprehensive understanding of Wissinoming's affordable housing landscape.
