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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 13068, located in Freeville, New York, contains a specific Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. This zip code encompasses 49.1 square miles and had a population of 6,529 in 2022. The area has a total of 24 affordable units, all of which are designated as low-income units. These units represent approximately 0.96% of the estimated 2,502 housing units in the zip code, indicating a small but noticeable contribution to the area's affordable housing landscape.
The LIHTC program has allocated $186,019 in tax credits for affordable housing projects in zip code 13068. This funding equates to an average of $7,751 per unit. The zip code accounts for 0.01% of the total LIHTC funding in New York State. Lehigh Crossing, completed in 2008, is the sole LIHTC-funded project in this zip code. This project has provided affordable housing in the area for over a decade.
All 24 units in the LIHTC-funded project are one-bedroom apartments, suggesting a focus on smaller household sizes or individual residents. This uniform unit type indicates a specific target demographic for affordable housing in the area.
The population in zip code 13068 has experienced a slight overall decrease from 6,996 in 2015 to 6,529 in 2022. Concurrently, the median income has shown an upward trend, increasing from $62,509 in 2015 to $71,949 in 2022. This trend may indicate a changing economic landscape in the area.
Racial demographics in zip code 13068 have remained relatively stable over the past decade. The population is predominantly white, consistently comprising around 90-91% of residents. There has been a minor increase in diversity, with small growth in the Asian, Hispanic, and multi-racial populations.
The absence of new LIHTC projects in zip code 13068 over the last decade may be related to the rising median income and the relatively stable population. These factors could potentially indicate a reduced need for additional low-income housing units in the area.
Zip code 13068 in Freeville, New York, maintains a small but significant LIHTC-funded affordable housing presence. The 24 one-bedroom units in a single project completed in 2008 represent less than 1% of the estimated housing stock but contribute to the area's affordable housing options. The zip code has experienced a slight population decrease and income increase over the past decade, which may have influenced the lack of new LIHTC projects in recent years. The area maintains a predominantly white population with gradual increases in diversity.