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Affordable Housing Analysis in Zip Code 14569: LIHTC Funding and Demographic Trends in Warsaw, New York
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The zip code 14569, located in Warsaw, New York, has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory consisting of 48 total units, all of which are designated as low-income units. Based on the 2022 population of 6,632 and using the national average household size of 2.61, the estimated housing inventory in this zip code is approximately 2,541 units. The LIHTC funded affordable housing covers about 1.89% of the estimated housing units in the zip code.
The LIHTC program has invested $171,517 in tax credits for affordable housing projects in this zip code, representing 0.01% of the state's total LIHTC funding. On average, this translates to approximately $3,573 in federal funding per unit. There are two LIHTC funded projects in the zip code: Pine Wood Apts and Oatka Village. Pine Wood Apts was completed in 2005, marking the beginning of LIHTC-funded affordable housing in this area. The completion year for Oatka Village is not available.
The affordable housing inventory in this zip code consists primarily of one-bedroom units, with 26 in total, followed by 4 two-bedroom units. There are no efficiencies, three-bedroom, or four-bedroom units reported in these projects. This unit distribution suggests a focus on housing for individuals or small families.
Over the past decade, the population in zip code 14569 has remained relatively stable, with a slight increase from 6,218 in 2019 to 6,632 in 2022. The median income has shown an upward trend, rising from $59,384 in 2019 to $59,840 in 2022. Regarding racial distribution, the zip code has maintained a predominantly white population, with the percentage consistently above 90% throughout the last decade. There have been slight increases in diversity, with small percentages of Black, Hispanic, and multiracial residents.
The zip code 14569 in Warsaw, New York, has a modest LIHTC-funded affordable housing inventory, covering approximately 1.89% of the estimated housing units. The area has received $171,517 in LIHTC funding, focusing on one-bedroom and two-bedroom units. The population has remained relatively stable, with a slight increase in median income and minor shifts in racial diversity over the past decade. These demographic trends, coupled with the existing LIHTC projects, provide insight into the affordable housing landscape in this zip code.
