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Affordable Housing in Livonia: LIHTC Funding and Demographic Trends
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Livonia, located in New York state, has a modest LIHTC-funded affordable housing inventory of 72 units, all designated as low-income. This inventory comprises approximately 9.1% of the estimated 790 total housing units in the village, indicating a significant contribution to affordable housing options in the area.
Livonia has received $720,316 in project tax credits through the LIHTC program, with an average federal funding of $360,158 per project and $10,004 per unit. The village holds 0.03% of the total state LIHTC funding, representing a small portion of New York's overall LIHTC investments.
The most recent LIHTC project completed in Livonia was Wildbriar Estates in 2019, adding 48 affordable housing units to the community. The LIHTC-funded projects in the village predominantly feature one-bedroom units, with 68 out of the total 72 units being one-bedroom apartments and the remaining 4 units being two-bedroom apartments.
Over the past decade, Livonia has experienced demographic shifts. The population increased from 1,629 in 2017 to 2,062 in 2022. Median income in the village rose from $66,332 in 2017 to $72,949 in 2022. Despite this increase, the presence of LIHTC projects suggests a continued need for affordable housing options.
Regarding racial demographics, Livonia has maintained a predominantly white population, with a slight decrease from 98% in 2017 to 95% in 2022. There has been a small increase in diversity, with slight growth in Asian and Hispanic populations.
Livonia's LIHTC-funded affordable housing inventory plays a crucial role in addressing the community's housing needs. The 72 low-income units, representing about 9.1% of the estimated housing stock, contribute significantly to the village's affordable housing options. The completion of Wildbriar Estates in 2019 demonstrates ongoing efforts to meet the community's evolving housing requirements. While the village has experienced moderate population growth and rising median incomes over the past decade, the continued investment in LIHTC projects underscores the persistent need for affordable housing in Livonia.
