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Affordable Housing in Brighton, Syracuse: LIHTC Impact and Demographic Shifts
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Brighton, a neighborhood in Syracuse, New York, contains 51 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. These units constitute approximately 1.4% of the estimated 3,648 housing units in the area, based on the 2022 population of 9,521 and the national average household size of 2.61. The LIHTC program has invested $520,000 in tax credits for affordable housing projects in Brighton, averaging about $10,196 per unit.
Affordable housing has been part of Brighton's landscape for over three decades. The first LIHTC project, Klim Properties, was completed in 1991, and the most recent, Eaglewood East, in 2007. This 16-year span demonstrates a consistent commitment to affordable housing in the area. The 2000s saw the most significant affordable housing development in Brighton, with two projects completed: Salina Square in 2004 and Eaglewood East in 2007.
Brighton's LIHTC-funded housing stock offers a diverse range of unit types. The inventory includes 12 one-bedroom units, 19 two-bedroom units, 16 three-bedroom units, and 4 four-bedroom units. This variety caters to different household sizes and needs within the low-income population.
Over the past decade, Brighton has experienced demographic shifts. The population decreased from 10,331 in 2013 to 9,521 in 2022. Despite this decline, the median income increased from $25,852 in 2013 to $30,449 in 2022, indicating a potential improvement in economic conditions for some residents.
Racial demographics have also changed. The Black population percentage decreased from 74% in 2013 to 61% in 2022, while the White population increased from 10% to 14%. The Hispanic population remained relatively stable at around 11-12%. There has been an increase in residents identifying as two or more races, growing from 2% in 2013 to 9% in 2022.
These demographic changes, particularly the rise in median income, may suggest a reduced need for additional LIHTC projects in recent years. However, other affordable housing programs may be addressing ongoing needs not captured in this LIHTC data.
Brighton's LIHTC-funded affordable housing inventory represents a long-term commitment to providing low-income housing options. The neighborhood has seen a diverse range of unit types developed over a 16-year period, with the most significant growth occurring in the 2000s. While recent demographic trends show some economic improvement and racial composition changes, the continued presence of these affordable units likely plays a crucial role in maintaining housing accessibility for low-income residents in Brighton.
