Loading Content...
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Staten Island's zip code 10314 area encompasses a population of 94,725 as of 2022. This area has incorporated Low-Income Housing Tax Credit (LIHTC) funded affordable housing projects into its housing inventory. The zip code contains 169 total units in LIHTC funded projects, with 24 designated as low-income units. Based on the estimated 36,293 housing units in the zip code, LIHTC funded affordable housing comprises approximately 0.47% of the total housing stock.
The LIHTC program has allocated $3,882,244 in tax credits for affordable housing projects in this zip code. This equates to an average federal funding of $22,971 per unit. Zip code 10314 accounts for 0.18% of the total LIHTC funding allocated to New York State.
Affordable housing has been present in this zip code since at least 2008, with the completion of the Park Lane At Sea View Senior Housing project. The most recent project, Seaview Cluster C, was completed in 2018, indicating a decade-long span of LIHTC funded development in the area. The 2010s experienced the most significant affordable housing development in this zip code.
The affordable housing inventory in zip code 10314 consists of 86 efficiencies, 80 one-bedroom units, and 3 two-bedroom units. This distribution indicates a focus on smaller household sizes, potentially catering to single individuals or couples.
Over the past decade, the population in zip code 10314 has grown from 86,715 in 2013 to 94,725 in 2022, an increase of 9.2%. During this period, the median income increased from $89,523 in 2013 to $95,650 in 2022, representing a 6.8% increase.
The racial composition of the area has evolved. The white population decreased from 68% in 2013 to 60% in 2022, while the Asian population increased from 14% to 18%. The Hispanic population grew from 12% to 16% during this period. These demographic shifts may have influenced the need for diverse affordable housing options.
The completion of the Seaview Cluster C project in 2018 coincides with a period of population growth and increasing racial diversity in the area. This suggests that the LIHTC funded project may have been developed in response to changing community needs and demographics.
The 10314 zip code area in Staten Island has experienced modest LIHTC funded affordable housing development over the past decade, with projects primarily serving smaller households. While these developments represent a small percentage of the overall housing stock, they contribute to addressing affordable housing needs in a community that has undergone population growth and increasing diversity. The area's rising median income and changing racial composition provide context for the evolving affordable housing landscape in this zip code.