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Affordable Housing in Susan B. Anthony Neighborhood: LIHTC Impact and Demographic Shifts
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The Susan B. Anthony neighborhood in Rochester, New York, features a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. This historic area contains 100 total units in LIHTC-funded projects, with 86 designated as low-income units. Based on the 2022 population of 782 and using the national average household size, the estimated housing inventory is approximately 300 units. LIHTC-funded affordable housing comprises about 33.3% of the neighborhood's estimated housing inventory.
The LIHTC program has invested $2,640,236 in tax credits in this neighborhood. This equates to an average federal funding of $26,402 per unit across all LIHTC-funded projects. Affordable housing development has occurred steadily over time, with projects completed in 1989, 2011, and 2014. The 2010s saw the highest number of affordable housing project completions.
The affordable housing inventory in the Susan B. Anthony neighborhood includes a range of unit types: 7 efficiencies, 4 one-bedroom units, 5 two-bedroom units, and 12 three-bedroom units. This diversity accommodates various household sizes and needs within the community.
One notable project is the Carriage Factory Special Needs Apartments, completed in 2014, which targets individuals with mental illness. This specialized housing addresses a specific need in the community, providing support for a vulnerable population.
The Susan B. Anthony neighborhood has experienced demographic changes over the past decade. The population has fluctuated with a general upward trend, increasing from 637 in 2012 to 782 in 2022. Median income has also risen overall, from $19,132 in 2015 to $22,705 in 2022, indicating gradual economic improvement in the area.
Racial demographics have evolved. The Black population, while remaining the majority, has decreased from 76% in 2013 to 66% in 2022. The Hispanic population has increased from 6% to 13% during the same period. The White population has grown from 16% to 18%. These changes suggest a gradual diversification of the neighborhood.
The completion of LIHTC projects in 2011 and 2014 coincides with periods of population growth and income fluctuations, potentially responding to changing housing needs in the community.
The Susan B. Anthony neighborhood demonstrates a significant commitment to affordable housing through LIHTC-funded projects. These developments comprise about one-third of the estimated housing inventory, offering various unit types to meet diverse needs. The neighborhood has seen consistent investment in affordable housing over the years, with recent projects focusing on special needs housing. Demographic trends show a gradually diversifying population with modest income growth, highlighting the ongoing importance of affordable housing options in this historic Rochester neighborhood.
