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Affordable Housing in Tonawanda: LIHTC's Impact on a Stable Community
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Tonawanda, located in New York state, has a total of 113 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units, with 109 designated as low-income units. Based on the 2022 population of 15,096 and an estimated 5,784 housing units, LIHTC-funded affordable housing represents approximately 1.95% of the city's estimated housing inventory. The city has received $689,219 in LIHTC funding for affordable housing projects.
Tonawanda holds 0.03% of the total state LIHTC funding, indicating a small share of New York's overall affordable housing investment through this program. Affordable housing has been present in the city since at least 2001, with the completion of Kibler Senior Housing. The most recent project, Highland School Apartments, was completed in 2017, spanning over 16 years of affordable housing development.
The 2010s saw the most affordable housing activity, with two projects completed during this decade: Tonawanda Towers in 2007 and Highland School Apartments in 2017. The LIHTC-funded housing in Tonawanda primarily consists of one-bedroom units (91) and two-bedroom units (22), suggesting a focus on housing for smaller households or individuals.
Over the last decade, Tonawanda's population has remained relatively stable, with a slight decrease from 15,074 in 2013 to 15,096 in 2022. The median income has shown some fluctuation, rising from $51,607 in 2013 to $53,511 in 2022. The racial composition of the city has remained predominantly white, with a slight decrease from 97% in 2013 to 92% in 2022. There has been a small increase in diversity, with slight growth in Asian, Hispanic, and multi-racial populations.
The completion of Highland School Apartments in 2017 aligns with a period of relative economic stability in the city, potentially addressing a need for affordable housing options during this time.
Tonawanda's LIHTC-funded affordable housing represents a small but significant portion of its housing inventory. The city has seen consistent investment in affordable housing over nearly two decades, with a focus on smaller unit sizes. The demographic trends show a stable population with slight increases in diversity, which may influence future affordable housing needs in the city.
