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Logan's Affordable Housing: A Three-Decade LIHTC Investment in Philadelphia
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Logan, a neighborhood in Philadelphia, Pennsylvania, contains Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The area has 86 total affordable units, all designated as low-income. Based on the 2022 population of 24,509 and an estimated 9,390 housing units, LIHTC funded affordable housing comprises approximately 0.92% of the neighborhood's estimated housing inventory.
The LIHTC program has invested $1,205,550 in tax credits for affordable housing projects in Logan. This equates to an average federal funding of $14,018 per unit. The neighborhood has maintained a commitment to affordable housing since 1988, when the earliest recorded LIHTC project, Stenton Ave House, was completed. The most recent addition, Lindley Court, was finished in 2016, spanning nearly three decades of affordable housing development in the area.
The 1980s were the most active period for LIHTC project completions, with four projects finished during this decade: Stenton Ave House, 1218 Wagner Ave, 5036 N Hutchinson St, and Boccelli-10 Houses. This early emphasis on affordable housing established a foundation for the neighborhood's diverse housing options.
Logan's LIHTC funded affordable housing inventory includes various unit types. Of the 86 total units, there are 24 efficiencies, 53 one-bedroom units, 3 two-bedroom units, 3 three-bedroom units, and 2 four-bedroom units. This distribution indicates a focus on accommodating smaller households and individuals.
Over the past decade, Logan's population has remained relatively stable, fluctuating between 23,000 and 25,000 residents. The median income has shown a general upward trend, increasing from $23,744 in 2013 to $34,641 in 2022. This rise in median income may indicate a changing economic landscape in the neighborhood.
Racially, Logan has maintained a predominantly Black population, consistently around 80-83% throughout the 2010s. There has been a slight increase in the Hispanic population, from 3% in 2019 to 8% in 2022, and a small but steady Asian population of 3-6%. These demographic shifts, while subtle, may influence future affordable housing needs and development in the area.
Logan's LIHTC funded affordable housing inventory, while modest in relation to the estimated total housing units, represents a long-term commitment to providing low-income housing options. The neighborhood has seen consistent investment in affordable housing over nearly three decades, with a particular focus on smaller units. The gradual increase in median income and subtle shifts in racial demographics may influence future affordable housing needs and developments in Logan.
