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Affordable Housing Analysis in Rochester's 14611 Zip Code: A Two-Decade Overview
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 14611 in Rochester, New York, contains a significant number of Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. This area has 293 total units in LIHTC funded projects, with 292 designated as low-income units. Based on the 2022 population of 16,809 and the national average household size, the estimated housing inventory in this zip code is approximately 6,440 units. The LIHTC funded affordable housing comprises about 4.55% of the estimated housing inventory in the zip code.
The LIHTC projects in zip code 14611 have received $1,792,058 in tax credits, which equates to an average of $6,116 in federal funding per unit. This zip code accounts for 0.08% of the total LIHTC funding allocated to New York State.
The affordable housing inventory in this area spans several decades. The earliest recorded project, Brown Street Infill Apts, was completed in 1998, and the most recent, 774 West Main Street, was finished in 2011. The 2000s saw the most LIHTC project completions, including Near Westside (2002), Brooks Village (2004), Unity Senior Housing (2004), and Olean Revitalization (2007).
The LIHTC funded housing in zip code 14611 offers a diverse range of unit types. There are 89 efficiencies, 41 one-bedroom units, 40 two-bedroom units, 39 three-bedroom units, and 11 four-bedroom units. This mix caters to various household sizes and needs within the low-income population.
Over the past decade, zip code 14611 has experienced some demographic shifts. The population decreased from 17,274 in 2014 to 16,809 in 2022, a decline of about 2.7%. However, the median income has shown a notable increase, rising from $27,404 in 2014 to $35,094 in 2022, representing a 28% growth.
The racial composition of the area has remained relatively stable. The Black population decreased slightly from 60% in 2014 to 58% in 2022, and the Hispanic population increased from 14% to 14%. The White population has remained steady at around 19-21% throughout this period.
These demographic trends, particularly the increasing median income, may have influenced the lack of new LIHTC projects in the area since 2011. However, other affordable housing programs may be operating in the area to address ongoing needs.
Zip code 14611 in Rochester, New York, has a notable LIHTC funded affordable housing presence, with 293 units covering about 4.55% of the estimated housing inventory. The area has received significant federal funding for these projects, accounting for 0.08% of New York State's total LIHTC allocation. The affordable housing stock offers a diverse range of unit types, catering to various household sizes. While no new LIHTC projects have been recorded since 2011, the area has seen an increase in median income over the past decade, which may have influenced affordable housing development patterns. Despite a slight population decrease, the racial composition of the area has remained relatively stable.
