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Affordable Housing in Goshen: LIHTC Program's Impact on a Historic New York Community
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Goshen in New York state contains 112 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. These units, all designated as low-income, are distributed across two LIHTC-funded projects. The LIHTC-funded units represent approximately 5.1% of the total housing stock, based on the estimated 2,198 housing units for Goshen's 2022 population.
The LIHTC-funded projects in Goshen were developed between 1997 and 2000. Northgate Manor Senior Citizen Housing, completed in 1997, was the first project. North Gate 28, finished in 2000, was the most recent project. This indicates that the 1990s were a significant period for affordable housing development in the village.
All 112 LIHTC-funded units in Goshen are one-bedroom apartments. This unit composition may align with the needs of smaller households, including single individuals or couples, in the local population.
Goshen has experienced demographic changes over the past decade. The population increased from 5,345 in 2019 to 5,736 in 2022. The median income fluctuated, peaking at $102,609 in 2019 before decreasing to $91,603 in 2022.
The village's racial demographics have also shifted. The Hispanic population decreased from 27% in 2019 to 23% in 2022, while the white population increased from 66% to 72% during the same period. The Asian and Black populations remained relatively stable at approximately 2% each.
No new LIHTC projects have been recorded in Goshen in the last decade, despite these demographic changes. This could be attributed to various factors, including changes in funding priorities, local development policies, or potentially reduced need for additional affordable housing units.
Goshen's LIHTC-funded affordable housing inventory, consisting of 112 one-bedroom units across two projects, represents about 5.1% of the estimated total housing stock. This contribution to affordable housing needs may not fully meet the typical target for a well-balanced community. The LIHTC projects were developed in the late 1990s, with no new projects recorded in the past decade despite demographic shifts in the village. These findings provide a basis for understanding the role of LIHTC-funded housing in Goshen and may inform future affordable housing strategies.
