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Affordable Housing in North Tonawanda: LIHTC Impact on Former Lumber City
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
North Tonawanda, a city in New York State, possesses a LIHTC funded affordable housing inventory of 244 units, with 243 designated as low-income. This inventory comprises approximately 2.09% of the city's estimated 11,678 housing units, based on the 2022 population of 30,479.
The city has received $1,193,973 in project tax credits from the LIHTC program. With approximately 4 projects, this equates to an average federal funding of $298,493 per project and $4,893 per unit. North Tonawanda holds 0.06% of the total state LIHTC funding, indicating a relatively small share of New York's affordable housing allocation.
The first LIHTC project in North Tonawanda, Willow Avenue, was completed in 2000, while the most recent, Grant Street Apartments, was finished in 2020. This 20-year span demonstrates a long-term commitment to affordable housing in the city. The 2000s saw the most activity in affordable housing development, with three projects completed during this decade.
The LIHTC funded housing inventory in North Tonawanda consists of 39 efficiencies, 175 one-bedroom units, and 12 two-bedroom units. This distribution suggests a focus on housing for individuals and small families.
Over the past decade, North Tonawanda's population has decreased from 31,372 in 2013 to 30,479 in 2022. Despite this decline, the median income has risen from $56,833 in 2013 to $69,691 in 2022, indicating an overall improvement in economic conditions. The racial composition has remained relatively stable, with a slight decrease in the white population from 95% in 2013 to 92% in 2022, and small increases in other racial groups.
The completion of the Grant Street Apartments in 2020 aligns with these demographic shifts, potentially addressing the needs of a changing population despite overall population decline.
North Tonawanda's LIHTC funded affordable housing represents a small but significant portion of its housing inventory. The city has maintained a consistent approach to affordable housing development over two decades, with a focus on smaller units. While the population has slightly decreased, rising median incomes and subtle changes in racial composition suggest evolving housing needs that recent LIHTC projects may be addressing.
