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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The Ellwanger-Barry neighborhood in Rochester, New York, contains a significant number of Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. The neighborhood has 478 units in LIHTC-funded projects, with 405 designated as low-income units. This inventory addresses the area's affordable housing needs.
The neighborhood's estimated 1,886 housing units, based on the 2022 population of 4,923 and the national average household size of 2.61, include approximately 25.3% LIHTC-funded units. This indicates a substantial contribution of LIHTC projects to the neighborhood's housing stock.
The LIHTC program has invested $1,109,917 in tax credits for affordable housing projects in Ellwanger-Barry. This equates to an average federal funding of $2,322 per unit when divided by the total number of units in LIHTC-funded projects.
Pinnacle Place, completed in 2012, is the primary LIHTC-funded affordable housing project in the area. It offers a diverse range of unit types, including 71 efficiencies, 336 one-bedroom units, and 71 three-bedroom units, catering to various household sizes and needs within the low-income population.
Ellwanger-Barry has experienced demographic shifts over the past decade. The population decreased from 5,187 in 2013 to 4,923 in 2022, a 5% decline. Despite this, the median income increased significantly from $55,915 in 2013 to $69,613 in 2022, a growth of 24.5%.
The racial composition of the neighborhood has remained relatively stable. The white population decreased slightly from 76% in 2013 to 70% in 2022. The Hispanic population increased from 5% to 10% during this period, indicating a small increase in diversity.
The completion of Pinnacle Place in 2012 coincides with the beginning of this demographic data period. The project may have responded to community needs at that time, potentially contributing to the neighborhood's stability and modest income growth over the following decade.
The Ellwanger-Barry neighborhood demonstrates a substantial commitment to affordable housing through its LIHTC-funded inventory. These projects account for a significant portion of the estimated housing stock. The economic improvement, coupled with the existing affordable housing stock, suggests that the LIHTC program has played a role in supporting the neighborhood's residents. The gradual increase in racial diversity, particularly in the Hispanic population, indicates that the neighborhood is evolving while maintaining a substantial affordable housing presence.