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Affordable Housing in Milton: A Two-Decade Analysis of LIHTC Projects
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Milton, a city in New York state, has a population of 6,951 as of 2022. The city's Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory comprises 96 total units, all of which are designated as low-income units. This represents approximately 3.6% of the city's estimated housing stock of 2,663 units.
Milton has three LIHTC funded projects: Milton Treeview Apts, Ballston Pines, and Northline Village. These projects were completed between 1997 and 2002, indicating the presence of affordable housing in the city for over two decades. The 1990s saw the most affordable housing development, with two projects completed during this period.
All 96 LIHTC funded units in Milton are one-bedroom apartments, indicating a focus on housing for individuals or small households. Each project contains 32 units, demonstrating a consistent scale of development across the three projects.
Over the past decade, Milton has experienced population growth, increasing from 5,790 in 2013 to 6,951 in 2022. The median income has also risen, from $95,517 in 2013 to $99,359 in 2022, with a peak of $117,680 in 2021.
The racial composition of Milton has remained predominantly white, though there has been a slight decrease from 97% in 2013 to 92% in 2022. There has been a small increase in diversity, with slight growth in the Asian, Black, Hispanic, and multiracial populations.
Despite the population growth and increasing median income, no new LIHTC projects have been developed in Milton since 2002. This could be due to various factors, including changes in local housing policies, availability of land, or shifts in funding priorities.
Milton's LIHTC funded affordable housing inventory consists of 96 one-bedroom units across three projects, developed between 1997 and 2002. This represents a small portion of the city's estimated housing stock, but has provided consistent affordable housing options for over two decades. The city has experienced population growth and increasing median income in recent years, but this has not corresponded with new LIHTC developments. The racial composition has remained predominantly white, with slight increases in diversity. These trends provide context for understanding the affordable housing landscape in Milton and may inform future housing policy decisions.
