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Affordable Housing Analysis in Brighton, New York: Zip Code 14610's LIHTC-Funded Inventory
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Brighton, New York, zip code 14610, contains a total of 120 affordable housing units funded through the Low-Income Housing Tax Credit (LIHTC) program. Of these, 115 are designated as low-income units. The LIHTC-funded affordable housing represents approximately 2.37% of the total housing stock, based on an estimated 5,055 housing units in the zip code.
The LIHTC program has invested $341,463 in tax credits for affordable housing projects in zip code 14610. This equates to an average federal funding of $2,845 per unit. This funding accounts for 0.02% of the total LIHTC allocation for New York State, indicating a small but significant contribution to the state's affordable housing efforts.
Affordable housing has been present in this zip code since 2003, with the most recent project completed in 2014. The 2010s saw the most substantial development in affordable housing, with the completion of Harris Park in 2014. This project added 114 units to the area's affordable housing inventory, including 109 low-income units.
The LIHTC-funded housing in zip code 14610 offers a diverse range of unit types. There are 22 efficiencies, 32 one-bedroom units, 52 two-bedroom units, and 14 three-bedroom units. This variety caters to different household sizes and needs within the low-income population.
Over the past decade, zip code 14610 has experienced slight fluctuations in population, with a current count of 13,193 residents as of 2022. The median income has shown an overall upward trend, rising from $71,116 in 2013 to $81,764 in 2022, which may indicate a growing need for affordable housing options.
Racial demographics have remained relatively stable, with a slight decrease in the white population from 85% in 2013 to 80% in 2022. There has been a small increase in racial diversity, with the Asian population growing from 2% to 3% and the Hispanic population from 3% to 6% during this period. These demographic shifts may influence future affordable housing needs and planning.
Zip code 14610 in Brighton, New York, has a modest but important LIHTC-funded affordable housing inventory, representing 2.37% of the estimated total housing units. The area has seen continued investment in affordable housing over the years, with projects that offer a range of unit types to accommodate diverse household needs. The demographic trends, including rising median income and increasing diversity, suggest an ongoing need for affordable housing options in this zip code.
