Loading Content...
Affordable Housing Analysis in Brooklyn's Zip Code 11230: LIHTC-Funded Projects and Demographic Shifts
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 11230, located in Brooklyn, New York, contains a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The area has 142 total units in LIHTC-funded projects, with 139 designated as low-income units. Based on the 2022 population of 81,581 and an estimated 31,257 housing units, the LIHTC-funded affordable housing comprises approximately 0.45% of the zip code's estimated housing inventory.
The LIHTC projects in zip code 11230 have received $1,914,003 in tax credits, averaging about $13,479 per unit. This zip code holds 0.09% of the total state LIHTC funding, indicating a small but significant contribution to New York's affordable housing efforts.
The first LIHTC projects in this area, Msgr. Edward T. Burke Apartments, L.P. and St. Brendan Senior Apartments, L.P., were completed in 2007. The most recent project, 1211 Southern Boulevard, LLC, was completed in 2008. This indicates that LIHTC-funded affordable housing has been present in the zip code for over a decade, with the most active period for completion being 2007-2008.
The affordable housing inventory in zip code 11230 consists of 3 efficiencies, 39 one-bedroom units, 88 two-bedroom units, and 12 three-bedroom units. This distribution suggests a focus on accommodating small to medium-sized households.
Over the past decade, zip code 11230 has experienced fluctuations in population, with a general upward trend. The population increased from 75,973 in 2013 to 81,581 in 2022. Median income has also risen, from $54,090 in 2013 to $64,993 in 2022, potentially indicating a growing need for affordable housing options.
Racial demographics in zip code 11230 have shown shifts, with the white population decreasing from 71% in 2013 to 60% in 2022. The Asian population has increased from 12% to 16%, and the Hispanic population from 8% to 11%. These demographic changes may influence future affordable housing needs and planning.
Zip code 11230 in Brooklyn, New York, has a small but significant LIHTC-funded affordable housing inventory, covering about 0.45% of the estimated housing stock. The area received nearly $2 million in tax credits for these projects, which were all completed between 2007 and 2008. While the population and median income have increased over the past decade, racial demographics have shifted, potentially influencing future affordable housing needs. The existing LIHTC projects provide a mix of unit sizes, primarily catering to small and medium-sized households.
