Loading Content...
Affordable Housing Analysis in Zip Code 10992: LIHTC Program Impact in Washingtonville, NY
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 10992 in Washingtonville, New York, contains 147 affordable housing units funded through the Low-Income Housing Tax Credit (LIHTC) program. These units represent 4.1% of the estimated 3,592 total housing units in the zip code. All 147 units are classified as low-income units, indicating a focus on providing affordable housing options in the area.
The LIHTC program has supported two affordable housing projects in zip code 10992. The first project, Hub Phase II Apts Phase II, was completed in 1993, while the most recent project, WB Stone Hill Apts, was finished in 2001. This demonstrates that affordable housing has been present in the area for nearly three decades.
The 1990s saw the most affordable housing development activity in this zip code. Hub Phase II Apts Phase II, completed in 1993, offers 44 one-bedroom units. WB Stone Hill Apts, finished in 2001, provides a mix of 92 one-bedroom and 11 two-bedroom units, totaling 103 units. The LIHTC-funded projects in this zip code predominantly consist of one-bedroom units (136 units), with a smaller number of two-bedroom units (11 units). This composition suggests a focus on housing for individuals or small families.
From 2014 to 2022, the population in zip code 10992 increased slightly from 8,902 to 9,375. The median income rose from $96,163 in 2014 to $104,102 in 2022, indicating improving economic conditions for residents. Racial demographics have shifted, with the white population decreasing from 72% in 2014 to 62% in 2022, while the Hispanic population increased from 21% to 27%. The Black population also increased slightly from 4% to 6%.
No new LIHTC projects have been developed in the last decade, but the existing affordable housing stock continues to serve the community. The rising median income and changing racial demographics suggest a potentially evolving housing need in the area.
Zip code 10992 has 147 LIHTC-funded affordable housing units, representing about 4.1% of the estimated housing stock. The affordable housing inventory, developed primarily in the 1990s and early 2000s, consists mainly of one-bedroom units. The area has experienced population stability, increasing median income, and shifts in racial demographics over the past decade. These factors may influence future affordable housing needs and development in the zip code.
