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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Staten Island's zip code 10302 contains a notable Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. This area, spanning 1.11 square miles, hosts 124 affordable units, all categorized as low-income. Based on the 2022 population of 18,065 and utilizing the national average household size, an estimated 6,921 housing units exist in this zip code. The 124 LIHTC-funded affordable units constitute approximately 1.79% of the estimated housing inventory.
The zip code 10302 has witnessed LIHTC-funded affordable housing projects over several years. The initial project, Bridgeview Senior Housing Complex, was completed in 1993, while the most recent, Nicholas Manor, was finalized in 1998. This indicates that affordable housing has been present in this community for nearly three decades.
The 1990s were particularly active for affordable housing development in this zip code, with all three LIHTC projects completed during this decade. These projects include Bridgeview Senior Housing Complex (1993), Parkside Senior Citizens Apts (1995), and Nicholas Manor (1998).
The affordable housing inventory in this zip code comprises various unit types. Of the 124 total units, there are 11 efficiencies, 76 one-bedroom units, and 37 two-bedroom units. This distribution indicates a focus on smaller households, potentially serving individuals and small families.
Over the past decade, zip code 10302 has experienced demographic changes. The population has shown a general upward trend, increasing from 16,464 in 2013 to 18,065 in 2022. This growth of nearly 10% may suggest an increasing demand for housing in the area.
Median income in the zip code has also seen a significant increase, rising from $65,599 in 2013 to $81,104 in 2022. This upward trend in income levels could potentially impact the need for affordable housing in the area.
Racial demographics have shown some changes as well. The Hispanic population has remained relatively stable, accounting for around 40% of the population throughout the decade. The Black population has increased slightly from 18% in 2013 to 22% in 2022, while the White population has decreased from 34% to 29% over the same period. The Asian population has also seen a slight increase from 5% to 7%.
The 10302 zip code in Staten Island has a modest LIHTC-funded affordable housing inventory, with 124 units spread across three projects, all completed in the 1990s. While these units represent a small percentage of the estimated housing stock, they provide important affordable options in an area that has seen population growth and rising median incomes over the past decade. The mix of unit types, with a focus on smaller units, aligns with the diverse demographic makeup of the area. As the community continues to evolve, ongoing assessment of affordable housing needs will be crucial to ensure adequate housing options for all residents.