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Affordable Housing Inventory and Demographic Shifts in Philadelphia Zip Code 19146
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 19146 in Philadelphia, Pennsylvania, has a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. This area has 610 total units in LIHTC-funded projects, with 529 designated as low-income units. Based on the estimated 15,448 housing units in the zip code, LIHTC-funded affordable housing comprises approximately 3.95% of the total housing stock.
The LIHTC projects in zip code 19146 have received $5,877,723 in tax credits, averaging about $9,636 in federal funding per unit. This zip code accounts for 0.98% of the total LIHTC funding in Pennsylvania, indicating a notable concentration of affordable housing investment in this area.
Affordable housing has been a consistent feature of zip code 19146 since 1988, with the most recent project completed in 2014. The 1990s saw the most affordable housing development activity, including projects such as the Artist Village Apartments in 1996 and Kings Village in 1997.
The LIHTC-funded housing stock in zip code 19146 offers a diverse range of unit types. Of the 610 total units, there are 81 efficiencies, 176 one-bedroom units, 175 two-bedroom units, 163 three-bedroom units, and 13 four-bedroom units. This distribution accommodates various household sizes and needs.
Over the past decade, zip code 19146 has experienced significant demographic shifts. The population has grown from 35,281 in 2013 to 40,318 in 2022, a 14.3% increase. The median income has risen from $58,196 in 2013 to $88,987 in 2022, representing a 52.9% increase.
The racial composition of zip code 19146 has changed notably. The percentage of white residents increased from 38% in 2013 to 50% in 2022, while the percentage of Black residents decreased from 49% to 30% during the same period. The Hispanic population increased from 3% to 8%, and the Asian population grew from 5% to 7%.
Zip code 19146 in Philadelphia has a substantial LIHTC-funded affordable housing inventory, covering nearly 4% of the estimated housing stock. The area has seen consistent investment in affordable housing since 1988, with the most active period being the 1990s. The diverse unit mix caters to various household sizes. The area has experienced notable demographic changes over the past decade, including population growth, rising median incomes, and shifts in racial composition. These factors may influence future affordable housing needs and development in the area.
