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Affordable Housing Dynamics in Culver-Winton: LIHTC Impact on Rochester Neighborhood
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 Culver-Winton neighborhood in Rochester, New York, exhibits a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood's LIHTC inventory comprises 320 total units, with 313 designated as low-income units. Based on the 2022 population of 8,680 and utilizing the national average household size, the estimated housing units in the neighborhood are approximately 3,326. The LIHTC funded affordable housing represents about 9.6% of the estimated housing inventory in Culver-Winton.
The LIHTC program has allocated $341,463 in tax credits for affordable housing projects in Culver-Winton. This equates to an average of approximately $1,067 in federal funding per unit. The neighborhood has experienced LIHTC project completions over an 11-year period, with the initial project, Cedarwood Towers, completed in 2003, and the most recent, Harris Park, finished in 2014.
The most recent affordable housing development in Culver-Winton occurred in the 2010s. The housing inventory includes a range of unit types: 98 efficiencies, 156 one-bedroom units, 52 two-bedroom units, and 14 three-bedroom units. This distribution indicates a focus on accommodating smaller households and individuals.
Culver-Winton's population has remained relatively stable over the past decade, fluctuating between 7,915 and 8,680 residents. The median income has demonstrated a significant increase, rising from $55,932 in 2013 to $66,599 in 2022. This upward trend in income may partially explain the absence of new LIHTC projects since 2014, as the overall economic situation of the neighborhood may have improved.
The racial composition of Culver-Winton has remained fairly consistent, with a slight decrease in the white population from 73% in 2013 to 70% in 2022. The Black population has experienced a small increase from 13% to 14%, while the Hispanic population has remained relatively stable around 8-9%. The Asian population has maintained a small presence at about 1-2%.
Culver-Winton's LIHTC funded affordable housing inventory represents a significant portion of the neighborhood's estimated housing stock. The area has benefited from federal investment in affordable housing, with projects spanning over a decade. The diverse unit types suggest an effort to meet various household needs. The absence of new LIHTC projects since 2014 could be related to the observed increase in median income. The neighborhood's demographic composition has remained relatively stable, with slight shifts in racial distribution over the past decade.
