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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 12143, located in Ravena, New York, exhibits a distinct affordable housing landscape. The Low-Income Housing Tax Credit (LIHTC) program has funded 51 affordable housing units in this area, all of which are designated as low-income units. Based on the 2022 population of 5,156 and an estimated 1,975 housing units, LIHTC-funded affordable housing represents approximately 2.58% of the total housing stock in this zip code.
The LIHTC program has supported two projects in zip code 12143: Civill Senior Housing and Louis Apts. Civill Senior Housing, completed in 1997, represents the earliest known LIHTC project in the area. This indicates that affordable housing has been a component of the community for at least 25 years.
The inventory primarily consists of one-bedroom units, with 50 such units across both projects. There is also one two-bedroom unit, indicating a focus on smaller household sizes. Civill Senior Housing provides 27 units, while Louis Apts offers 24 units, contributing to a diverse affordable housing stock.
Over the past decade, zip code 12143 has experienced fluctuations in population, with a notable increase from 4,693 in 2019 to 5,156 in 2022. The median income has also shown an upward trend, rising from $61,839 in 2019 to $64,251 in 2022, with a peak of $71,155 in 2021.
Racial demographics have remained relatively stable, with the white population consistently representing the majority at over 90% throughout the decade. There has been a slight increase in diversity, with small percentages of Asian, Black, and Hispanic populations, as well as those identifying as two or more races.
The presence of LIHTC projects, particularly Civill Senior Housing, aligns with the area's demographic trends. The prevalence of one-bedroom units suggests a focus on accommodating smaller households, which may include seniors or single-person families.
The LIHTC program has played a role in providing affordable housing in zip code 12143, with 51 low-income units across two projects. While this represents a small percentage of the estimated housing stock, it demonstrates a commitment to addressing affordable housing needs. The focus on one-bedroom units indicates a tailored approach to local housing demands. As the population and median income have shown growth in recent years, continued monitoring of affordable housing needs will be crucial to ensure the community maintains a balanced housing market.