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Affordable Housing Analysis in Zip Code 13421: LIHTC Projects and Demographic Trends
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 13421 in Oneida, New York, has a population of 11,813 as of 2022 and covers an area of 40.9 square miles. The Low-Income Housing Tax Credit (LIHTC) program has funded 82 total units in this zip code, with 64 of these designated as low-income units. Based on the estimated housing inventory of 4,526 units, the LIHTC-funded affordable housing covers approximately 1.81% of the zip code's housing stock.
The LIHTC projects in this zip code have received $1,794,452 in tax credits, averaging $21,883 per unit. This zip code holds 0.09% of New York's total LIHTC funding. Affordable housing has been present in the area since at least 2006, with the completion of Marion Manor Estates. The most recent project, Seneca Fields Apartments, was completed in 2018, indicating over a decade of LIHTC investment in the community.
The 2010s saw the most affordable housing development, with two projects completed during this decade: Oneida Workforce Housing in 2016 and Seneca Fields Apartments in 2018. The housing mix includes 38 one-bedroom units, 30 two-bedroom units, and 14 three-bedroom units, catering to various household sizes.
Over the past decade, the zip code's population has fluctuated, with a slight overall decline from 12,239 in 2012 to 11,813 in 2022. The median income has shown some volatility but generally increased from $52,529 in 2013 to $57,754 in 2022. The racial composition has remained predominantly white, consistently above 90%, with slight increases in diversity, particularly in the Hispanic and multiracial categories.
The completion of two LIHTC projects in 2016 and 2018 aligns with a period of relative population stability and income growth, suggesting a strategic response to the area's evolving housing needs.
The LIHTC program has made a modest but significant contribution to the affordable housing stock in zip code 13421. With 82 total units and 64 low-income units, it addresses a portion of the estimated affordable housing need. The program's investment over more than a decade demonstrates a sustained commitment to affordable housing in the area. While the percentage of LIHTC-funded housing is relatively small compared to the total estimated housing stock, it represents an important resource for low-income residents in this predominantly white, moderate-income community.
