Loading Content...
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 13037, located in Chittenango, New York, has a population of 8,783 as of 2022. This area has one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project, providing a total of 24 affordable units, all of which are designated as low-income units. Based on the estimated housing inventory of 3,365 units, the LIHTC-funded affordable housing covers approximately 0.71% of the zip code's housing stock.
The LIHTC program has invested $240,065 in tax credits for affordable housing in this zip code. This translates to an average federal funding of $10,003 per unit. This investment represents 0.01% of the total LIHTC funding allocated to New York state.
The sole LIHTC project in this zip code, Bolivar Landing (Rhi), was completed in 2007. This project has been providing affordable housing options in the area for over 15 years. The development consists of 24 units, including 2 one-bedroom and 4 two-bedroom apartments. This unit mix suggests a focus on accommodating small families and individuals.
Over the past decade, the zip code's population has remained relatively stable, with slight fluctuations. The population increased from 8,034 in 2019 to 8,783 in 2022. Median income in the area has shown an upward trend, rising from $68,629 in 2018 to $77,204 in 2022. This increase in median income might indicate a growing need for affordable housing options to support lower-income residents.
The racial composition of the zip code has remained predominantly white, with a slight decrease from 97% in 2018 to 93% in 2022. There has been a small increase in diversity, with the Hispanic population growing from 0% to 3% and the two or more races category increasing from 1% to 3% during the same period.
Zip code 13037 has a single LIHTC-funded affordable housing project, Bolivar Landing (Rhi), which has been serving the community since 2007. While this project provides 24 low-income units, it represents a small portion (0.71%) of the estimated housing inventory. The area has seen stable population growth and increasing median income over the past decade, which may indicate a potential need for additional affordable housing options. The racial composition remains predominantly white, with a slight increase in diversity in recent years.