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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 14559, located in Spencerport, New York, encompasses an area of 41.52 square miles and has a population of 17,192 as of 2022. The Low-Income Housing Tax Credit (LIHTC) program has funded 96 affordable housing units in this zip code, with 85 units specifically designated as low-income. These LIHTC-funded units represent approximately 1.46% of the estimated 6,587 housing units in the zip code.
The LIHTC projects in zip code 14559 have received $353,426 in tax credits, averaging $3,681 per unit. This funding constitutes 0.02% of the total LIHTC allocation for New York state, indicating a small but significant investment in affordable housing for this area. The affordable housing developments in this zip code span at least two decades, with the earliest recorded project, "5 Osage Trail Apts," completed in 2001, and the most recent, "Ogden Heights Senior (Dhc)," finished in 2010.
The LIHTC-funded housing inventory in zip code 14559 primarily consists of one-bedroom units (71) and two-bedroom units (19), with a small number of efficiencies (6). This distribution suggests a focus on housing for smaller households and potentially senior citizens. The largest affordable housing development occurred in 2010 with the completion of the 89-unit Ogden Heights Senior project.
The population in zip code 14559 has remained relatively stable over the past decade, increasing slightly from 16,578 in 2013 to 17,192 in 2022. The median income has fluctuated, reaching a peak of $89,443 in 2021 before decreasing to $76,822 in 2022. The racial composition of the zip code has remained predominantly white, consistently above 90% throughout the decade.
The completion of the Ogden Heights Senior project in 2010 coincides with the beginning of a period of population growth and increasing median income in the zip code. This suggests that the affordable housing development may have contributed to the area's economic stability and attractiveness to residents.
The LIHTC program has made a modest but significant contribution to affordable housing in zip code 14559, with 96 units developed over at least a decade. These units, while representing a small percentage of the estimated housing stock, provide important affordable options in an area with relatively high median incomes. The focus on one-bedroom and efficiency units, particularly in the Ogden Heights Senior project, indicates an emphasis on meeting the needs of smaller households and potentially older residents. The relatively stable population and income levels over the past decade suggest that these LIHTC-funded projects may play a role in maintaining housing diversity and affordability in the community.