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Affordable Housing Analysis in Zip Code 12790: Wurtsboro's LIHTC Project
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Wurtsboro, located in zip code 12790 of New York, has a population of 5,548 as of 2022. The area contains a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 49 total units, with 46 designated as low-income units. This LIHTC-funded affordable housing represents approximately 2.3% of the estimated 2,126 housing units in the zip code.
The LIHTC program has invested $736,018 in tax credits for affordable housing projects in zip code 12790. This investment equates to an average federal funding of $15,021 per unit and represents 0.03% of the total LIHTC funding allocated to New York state. The sole LIHTC-funded project in the area is Horizons At Wurtsboro, completed in 2007. This development has provided affordable housing options in the zip code for over 15 years, consisting of 42 one-bedroom units and 7 two-bedroom units, primarily serving smaller households.
Over the past decade, the population of zip code 12790 has remained relatively stable, fluctuating between 5,200 and 5,900 residents. The median income has shown a general upward trend, increasing from $67,926 in 2013 to $77,946 in 2022, with a peak of $97,268 in 2021. This overall rise in median income may indicate a decreasing need for additional affordable housing units in recent years.
The racial composition of zip code 12790 has remained predominantly white, with a slight decrease from 88% in 2013 to 83% in 2022. There has been a small increase in diversity, with slight growth in Asian, Black, and Hispanic populations. The Hispanic population has remained relatively steady at around 8-11% over the past decade.
In summary, zip code 12790 in Wurtsboro, New York, has a modest LIHTC-funded affordable housing inventory, covering about 2.3% of the estimated housing stock. The single project, Horizons At Wurtsboro, has been serving the community since 2007, offering primarily one-bedroom units. While the population has remained stable, the area has experienced a general increase in median income over the past decade, potentially influencing the demand for affordable housing. The racial composition has seen slight changes, with a small increase in diversity, though the area remains predominantly white.
