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Affordable Housing in Lyell-Otis: LIHTC Impact on a Growing Rochester Neighborhood
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
DATA SOURCE
United States Census Bureau: American Community Survey Data (ACS)
US Department of Housing and Urban Development (HUD): Low-Income Housing Tax Credit Properties (LIHTC)
The Lyell-Otis neighborhood in Rochester, New York, has a limited Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The neighborhood contains 6 total units, all of which are designated as low-income units. This LIHTC program contributes to the area's affordable housing needs. Based on the 2022 population of 10,741 and an estimated 4,115 housing units, the LIHTC funded affordable housing accounts for approximately 0.15% of the neighborhood's estimated housing inventory.
The Lyell-Otis neighborhood has 5 LIHTC funded projects, with a total of 6 low-income units. The housing stock includes 5 two-bedroom units and 1 three-bedroom unit, providing options for different family sizes. The projects are located on Bauer Street (26, 28, 30, and 32 Bauer St) and Sunset Street (106 Sunset St). These properties contribute to the dispersal of affordable housing options within the area.
Over the past decade, the Lyell-Otis neighborhood has experienced demographic shifts. The population has grown from 9,259 in 2017 to 10,741 in 2022, indicating an increasing demand for housing. Median income has also risen, from $32,118 in 2017 to $37,006 in 2022, suggesting a potential improvement in economic conditions for some residents.
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Racial demographics have remained relatively stable, with some minor fluctuations. The Black population has slightly decreased from 41% in 2017 to 39% in 2022, while the White population has decreased from 33% to 30% during the same period. The Hispanic population has increased slightly, moving from 17% to 21%. These demographic trends may influence the ongoing need for affordable housing in the neighborhood.
The Lyell-Otis neighborhood in Rochester, New York, has a small LIHTC funded affordable housing inventory, with 6 low-income units spread across 5 projects. While this represents a small percentage of the estimated housing stock, it still contributes to addressing affordable housing needs in the area. The neighborhood has experienced population growth and rising median incomes over the past decade, which may impact the demand for affordable housing. The relatively stable racial demographics suggest a consistent need for diverse housing options to serve the community's various populations.
