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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Maplewood, a neighborhood in Rochester, New York, has a LIHTC-funded affordable housing inventory of 188 total units, with 135 designated as low-income units. Based on the 2022 population of 31,351 and an estimated 12,012 housing units, LIHTC-funded affordable housing comprises approximately 1.57% of the neighborhood's estimated housing inventory.
The LIHTC program has invested $1,221,559 in tax credits for affordable housing projects in Maplewood. This equates to an average federal funding of $6,498 per unit across all LIHTC-funded projects in the neighborhood.
Affordable housing has been present in Maplewood for at least a decade, with the earliest recorded LIHTC project, 1630 Dewey Avenue, completed in 2012. The most recent addition is Eastman Reserve, completed in 2020, indicating ongoing efforts to provide affordable housing options in the area.
The 2020s have seen significant affordable housing development in Maplewood, with Eastman Reserve being a notable project. This development contributes substantially to the neighborhood's affordable housing stock, providing 188 units, including 1 efficiency, 8 one-bedroom, 73 two-bedroom, and 33 three-bedroom units.
Over the past decade, Maplewood has experienced demographic shifts. The population has grown from 28,899 in 2013 to 31,351 in 2022, an 8.5% increase. During this period, the median income fluctuated, starting at $45,207 in 2013, decreasing to $39,566 in 2017, and increasing to $46,983 by 2022.
Racial demographics have also changed. The white population decreased from 54% in 2013 to 43% in 2022, while the Black population increased from 26% to 32%. The Hispanic population grew from 12% to 18% during this period. These changes coincide with the completion of LIHTC projects, suggesting a potential correlation between affordable housing development and increasing diversity in the neighborhood.
Maplewood's LIHTC-funded affordable housing inventory, while modest in relation to the overall housing stock, represents a significant investment in providing low-income housing options. The neighborhood has seen continued development of affordable housing over the past decade, with projects like Eastman Reserve adding a substantial number of units. These developments have occurred alongside demographic changes, including population growth, income fluctuations, and increasing racial diversity. The ongoing implementation of LIHTC projects in Maplewood reflects efforts to address evolving housing needs in this Rochester neighborhood.