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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 11360, located in Queens, New York, has a population of 19,081 as of 2022. This zip code contains 150 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units, of which 149 are designated as low-income units. The LIHTC funded affordable housing represents 2.05% of the zip code's estimated 7,311 housing units.
The LIHTC program has allocated $315,162 in tax credits for affordable housing projects in zip code 11360. This equates to an average federal funding of $2,101 per unit and constitutes 0.01% of the total LIHTC funding allocated to New York State. The Scheuer House of Bayside, completed in 2006, is the only LIHTC funded project in this zip code. This project has provided affordable housing options for over 15 years. The housing inventory primarily consists of one-bedroom units (149) and one two-bedroom unit.
The population in zip code 11360 has remained relatively stable over the past decade, ranging between 18,393 and 19,587 residents. The median income has shown an overall increase, rising from $82,846 in 2013 to $91,820 in 2022, with a peak of $103,139 in 2021. This increase in median income may indicate a growing need for affordable housing options to maintain economic diversity in the area.
The racial composition of zip code 11360 has changed over time. The Asian population has increased from 25% in 2013 to 30% in 2022, while the white population has decreased from 62% to 55% during the same period. The Hispanic population has remained relatively stable at approximately 11%. These demographic shifts may indicate evolving housing needs within the community.
Zip code 11360 in Queens, New York, contains a single LIHTC funded affordable housing project, the Scheuer House of Bayside, which provides 150 units of affordable housing. This project represents a small percentage of the estimated housing stock but contributes to the area's affordable housing needs. The zip code has experienced stable population growth, increasing median income, and shifting racial demographics over the past decade. These factors may influence future affordable housing needs and development in the area.