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Affordable Housing Analysis in Zip Code 13849: LIHTC Projects in Unadilla, NY
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 13849, located in New York, encompasses Unadilla and surrounding areas. This zip code contains Low-Income Housing Tax Credit (LIHTC) funded affordable housing, with 48 affordable units, all designated as low-income units. Based on the estimated housing inventory of 1,804 units for the 2022 population, LIHTC funded affordable housing comprises approximately 2.66% of the zip code's housing stock.
The LIHTC projects in zip code 13849 have received $9,767 in tax credits for affordable housing development, averaging about $204 per unit in federal funding. Two LIHTC funded projects exist in the area: Sidney Community Apartments, completed in 2000, and Unadilla Neighborhood Apartments, completed in 2010. This indicates that affordable housing has been present in the area for over two decades.
The most recent affordable housing development in this zip code occurred in the 2010s. The unit types are distributed as follows: 32 one-bedroom units, 8 two-bedroom units, and 8 three-bedroom units across the LIHTC funded projects. This distribution suggests a focus on smaller households and potentially senior citizens.
Zip code 13849 has experienced demographic shifts over the past decade. The population decreased slightly from 4,801 in 2013 to 4,709 in 2022. Median income showed modest growth, increasing from $49,549 in 2013 to $50,099 in 2022. The racial composition remained predominantly white, though there was a small increase in diversity. The percentage of white residents decreased from 96% in 2013 to 92% in 2022, with slight increases in Asian, Black, Hispanic, and multi-racial populations.
No new LIHTC projects have been developed in the last decade, despite these demographic changes. This could be due to various factors, including limited population growth or changes in housing needs that may not align with LIHTC program requirements.
Zip code 13849 has a small but established LIHTC funded affordable housing inventory, covering about 2.66% of the estimated housing stock. The area has seen two LIHTC projects completed over a ten-year period, with the most recent in 2010. The housing units are primarily one-bedroom, suggesting a focus on smaller households. While the population has slightly decreased and become marginally more diverse over the past decade, there have been no new LIHTC developments during this time. The median income has shown modest growth, which might influence the need for affordable housing in the area.
