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Affordable Housing Analysis in Zip Code 10543: A Single LIHTC Project in Mamaroneck
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 10543, located in Mamaroneck, New York, has a population of 21,065 as of 2022. This area has a single Low-Income Housing Tax Credit (LIHTC) funded affordable housing project, providing a total of 10 units, with 1 designated as a low-income unit. Based on the estimated housing inventory of 8,071 units, the LIHTC-funded affordable housing covers approximately 0.12% of the zip code's housing stock.
The LIHTC project in zip code 10543 received $139,000 in tax credits, averaging $13,900 per unit. This funding represents 0.01% of the total LIHTC allocation for New York State. The sole LIHTC project, "726 Old White Plains Road," was completed in 2007, marking over 15 years of affordable housing presence in the area.
The project consists of 4 one-bedroom units and 6 two-bedroom units, catering to various household sizes. There is no specific target population mentioned for this project.
Over the past decade, the population in zip code 10543 has shown steady growth, increasing from 20,184 in 2013 to 21,065 in 2022. The median income has also risen, from $118,655 in 2013 to $123,541 in 2022, indicating a generally affluent area.
Racial demographics have remained relatively stable, with a slight decrease in the white population from 69% in 2013 to 63% in 2022. The Hispanic population has seen a modest increase from 20% to 25% during this period. Asian and Black populations have remained relatively constant at around 5% and 4% respectively.
The high median income and stable demographics may partially explain the limited LIHTC development in recent years, as the area might have a lower demand for affordable housing compared to other regions.
Zip code 10543 has a single LIHTC-funded affordable housing project, contributing 10 units to the area's housing stock. This represents a small fraction of the estimated total housing units. The demographic trends show a growing, affluent population with slight shifts in racial composition over the past decade. These factors, combined with the high median income, may influence the demand for affordable housing in this zip code.
