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Affordable Housing in Staten Island's 10310 Zip Code: A Three-Decade Commitment
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Staten Island's zip code 10310, located in New York, has a population of 25,400 as of 2022. This area contains several Low-Income Housing Tax Credit (LIHTC) funded affordable housing projects, which contribute to the local housing inventory. The LIHTC program has funded 466 units in this zip code, with 74 designated as low-income units. Based on an estimated housing inventory of 9,732 units, LIHTC-funded affordable housing comprises approximately 4.79% of the zip code's housing stock.
The LIHTC projects in zip code 10310 have received $3,555,460 in tax credits, averaging $7,629 in federal funding per unit. This zip code accounts for 0.17% of the total LIHTC funding allocated to New York state, indicating a modest investment in affordable housing for this area. The affordable housing landscape in this zip code spans several decades, with the earliest recorded LIHTC project, Buckingham House, completed in 1992, and Markham Gardens following in 2006.
The LIHTC-funded projects in zip code 10310 offer various unit types to accommodate different household sizes. The inventory includes 26 efficiencies, 94 one-bedroom units, 200 two-bedroom units, 94 three-bedroom units, and 16 four-bedroom units. This distribution emphasizes accommodating small to medium-sized families, with two-bedroom units being the most prevalent.
Over the past decade, zip code 10310 has experienced demographic shifts. The population has fluctuated, increasing from 23,598 in 2020 to 25,400 in 2022. Median income has grown significantly, rising from $76,348 in 2017 to $85,719 in 2022, with a peak of $101,435 in 2021.
Racial demographics have remained relatively stable, with minor shifts. The white population has slightly decreased from 42% in 2013 to 41% in 2022, while the Hispanic population has increased from 28% to 30% during the same period. The Asian population has increased modestly from 4% to 5%, while the Black population has remained relatively stable at around 20-21%. These demographic trends, particularly the rising median income, may influence the ongoing need for affordable housing in the area.
Zip code 10310 in Staten Island demonstrates a consistent commitment to affordable housing through LIHTC-funded projects. These projects cover nearly 5% of the estimated housing stock, providing crucial housing options for low-income residents. The area has experienced demographic changes, including population growth and increasing median income, which may impact future affordable housing needs. The diverse unit types offered by LIHTC projects cater to various household sizes, reflecting an effort to meet the community's diverse housing requirements.
