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Limited Affordable Housing in Brewerytown 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
Brewerytown, a neighborhood in Philadelphia, Pennsylvania, has a population of 10,184 as of 2022. Based on this population and the national average household size, the estimated number of housing units in Brewerytown is approximately 3,902. The Low-Income Housing Tax Credit (LIHTC) program has contributed one affordable unit to the local housing inventory.
The LIHTC program has provided $570 in tax credits for affordable housing projects in Brewerytown. With one total unit in LIHTC-funded projects, this amounts to an average federal funding of $570 per unit. The earliest LIHTC project in Brewerytown, completed in 1988, is known as Myrtlewood House and consists of one three-bedroom unit designated as low-income housing.
The 1980s saw the most affordable housing development in Brewerytown, with the completion of Myrtlewood House. Another project, Lofts At Brewerytown, is also listed, but its completion date is not available.
Brewerytown has experienced significant demographic changes over the past decade. The population has grown from 8,220 in 2013 to 10,184 in 2022, an increase of about 24%. Median income has risen from $19,359 in 2013 to $45,686 in 2022, representing a 136% increase.
The racial composition of the neighborhood has shifted. The Black population has decreased from 80% in 2013 to 62% in 2022, while the White population has increased from 11% to 21% during the same period. The Hispanic population has grown from 2% to 8%, and the Asian population has increased from 0% to 3%.
These demographic changes, particularly the significant increase in median income, may indicate a reduced need for additional LIHTC-funded affordable housing in recent years. However, other affordable housing programs may be addressing the needs of low-income residents in the neighborhood.
Brewerytown has one LIHTC-funded affordable housing unit, completed in 1988. While this represents a small portion of the estimated housing inventory, it is important to recognize that other affordable housing programs may be present in the neighborhood. The area has experienced substantial population growth, income increases, and demographic shifts over the past decade, which may influence the current and future needs for affordable housing in the community.
