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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Highland, a neighborhood in Rochester, New York, contains a significant number of Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. The neighborhood has 504 total affordable units, all of which are designated as low-income units. This inventory plays a crucial role in addressing the community's housing needs.
Based on the 2022 population of 11,436 and using the national average household size of 2.61, the estimated number of housing units in the neighborhood is approximately 4,382. The LIHTC funded affordable housing represents about 11.5% of this estimated housing inventory, indicating a substantial contribution to the neighborhood's affordable housing stock.
The LIHTC program has invested significantly in Highland, with project tax credits totaling $1,206,523. This equates to an average federal funding of about $2,394 per unit, demonstrating a substantial commitment to affordable housing in the area.
The Rochester Highlands Apartments, completed in 2007, is the primary LIHTC-funded project in the neighborhood. This project has been providing affordable housing options for over 15 years, contributing to the long-term stability of low-income residents in Highland.
The affordable housing inventory in Highland is diverse, catering to various household sizes. It includes 8 efficiencies, 192 one-bedroom units, 253 two-bedroom units, and 51 three-bedroom units. This distribution suggests a focus on accommodating small to medium-sized households, with a particular emphasis on one and two-bedroom apartments.
Over the past decade, Highland's population has remained relatively stable, fluctuating between 11,000 and 12,000 residents. The median income has increased from $41,733 in 2013 to $51,387 in 2022, with a peak of $73,310 in 2021. This overall upward trend in income may indicate changing economic conditions in the neighborhood.
Racial demographics have shifted slightly, with the white population decreasing from 63% in 2013 to 58% in 2022. The Hispanic population has experienced the most growth, increasing from 4% to 10% during this period. The Asian and Black populations have remained relatively stable, each comprising about 15% of the neighborhood's residents in 2022.
Highland's LIHTC-funded affordable housing inventory, centered around the Rochester Highlands Apartments, provides a significant number of low-income units, covering about 11.5% of the estimated housing stock. The project offers a range of unit sizes, primarily focusing on one and two-bedroom apartments. The neighborhood has experienced relative stability in population, notable increases in median income, and increased racial diversity over the past decade. These demographic shifts, coupled with the long-standing presence of LIHTC-funded housing, reflect the evolving nature of the Highland neighborhood and its continued commitment to providing affordable housing options for its residents.