Loading Content...
Affordable Housing in Batavia, New York: An 18-Year LIHTC Development Span
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Batavia, a city in New York State, has a presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The city's LIHTC inventory consists of 191 total units, all designated as low-income units. This affordable housing stock addresses the housing needs of Batavia's residents.
Based on the estimated housing inventory of 5,943 units, the LIHTC-funded affordable housing covers approximately 3.21% of the city's total housing stock. This percentage is lower than the ideal target of 15-20% for affordable housing.
Batavia has received $1,330,315 in project tax credits through the LIHTC program. With six projects, this translates to an average of $221,719 in federal funding per project. When considering the 191 total units, the average federal funding per unit is $6,965. Batavia holds 0.06% of the total state funding for LIHTC projects in New York.
The first LIHTC project in Batavia, Meadows At South Main, was completed in 1992, while the most recent project, Bank Street Senior Apts, was finished in 2010. This 18-year span demonstrates a long-term commitment to affordable housing development in the city. The 1990s saw the most affordable housing activity, with three projects completed during this decade.
In terms of unit distribution, out of the 191 total units, 126 are one-bedroom apartments, 21 are two-bedroom units, and 8 are three-bedroom units. This breakdown suggests a focus on smaller households and potentially senior living arrangements. One project, Batavia Special Needs Apts, completed in 2009, likely caters to individuals with specific housing requirements.
Over the past decade, Batavia's population has shown some fluctuation, with a slight decline from 2010 to 2019, followed by an increase in recent years. The median income has generally trended upward, rising from $46,245 in 2013 to $56,584 in 2022. This increase in median income might partially explain the lack of new LIHTC projects since 2010.
Regarding racial demographics, Batavia has maintained a predominantly white population, consistently above 80% throughout the past decade. There has been a slight increase in diversity, with small growth in the Hispanic population (from 4% in 2013 to 6% in 2022) and those identifying as two or more races (from 4% in 2013 to 5% in 2022).
Batavia's LIHTC-funded affordable housing inventory provides 191 low-income units across six projects. The city has received over $1.3 million in tax credits, demonstrating a commitment to affordable housing development spanning nearly two decades. The focus appears to be on smaller units, potentially catering to seniors and individuals with special needs. While no new LIHTC projects have been completed since 2010, this may be partially attributed to the city's rising median income. As Batavia continues to evolve demographically, ongoing assessment of affordable housing needs will be crucial to ensure adequate housing options for all residents.
