Loading Content...
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 13208 in Syracuse, New York, contains a notable inventory of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. This area encompasses 93 affordable housing units, all designated as low-income units. Based on the 2022 population of 22,374 and an estimated 8,572 housing units in the zip code, LIHTC funded affordable housing represents approximately 1.09% of the estimated housing inventory.
The LIHTC program has allocated $900,000 in project tax credits to this zip code, averaging about $9,677 in federal funding per unit. This funding constitutes 4% of the total state LIHTC allocation, indicating a significant investment in affordable housing for this particular area.
The earliest recorded LIHTC project in zip code 13208 is Housing Visions Group IX, completed in 2001, while the most recent is Salina Crossing 1, finished in 2017. This 16-year span demonstrates a sustained commitment to affordable housing development in the area. The 2010s saw the most recent affordable housing project completion.
The affordable housing inventory in zip code 13208 consists of a mix of unit types. There are 47 one-bedroom units, 29 two-bedroom units, 11 three-bedroom units, and 6 four-bedroom units. This distribution suggests a focus on accommodating various household sizes, with a particular emphasis on smaller households.
Over the last decade, zip code 13208 has experienced slight fluctuations in population, with a general upward trend from 21,785 in 2013 to 22,374 in 2022. Median income has shown consistent growth, rising from $31,642 in 2013 to $42,385 in 2022, indicating improved economic conditions for residents.
Racial demographics have shifted noticeably in zip code 13208. The white population decreased from 59% in 2013 to 49% in 2022, while the Black population increased from 15% to 26%. The Asian population remained relatively stable at around 14-15%. These changes suggest an increasing diversity in the area, which may influence future affordable housing needs.
Zip code 13208 in Syracuse, New York, has a modest but significant LIHTC funded affordable housing presence, covering about 1.09% of the estimated housing inventory. The area has received substantial LIHTC funding, representing 4% of the state's allocation. The affordable housing stock offers a variety of unit sizes, catering to different household needs. Over the past decade, the area has seen population growth, increasing median incomes, and shifting racial demographics, factors that may influence future affordable housing development and needs in the zip code.