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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
White Plains, a city in New York State, has a LIHTC-funded affordable housing inventory of 505 total units, with 490 designated as low-income units. Based on the 2022 population of 59,421 and an estimated 22,767 housing units, LIHTC-funded affordable housing comprises approximately 2.2% of the city's estimated housing inventory. White Plains has received $4,758,668 in project tax credits through the LIHTC program, averaging $594,834 in federal funding per project, or $9,423 per unit. The city holds 0.23% of New York State's total LIHTC funding.
The city's LIHTC-funded affordable housing development spans from 1996 to 2019. The earliest project, N Kenisco Apts, was completed in 1996, while the most recent, Schuyler - Dekalb In White Plains, NY, was finished in 2019. The 2010s saw the most activity, with four projects completed during this decade. The LIHTC-funded units in White Plains include 85 efficiencies, 148 one-bedroom units, 51 two-bedroom units, 32 three-bedroom units, and 2 four-bedroom units. This distribution indicates a focus on smaller households.
Over the past decade, White Plains has experienced steady population growth, increasing from 55,881 in 2010 to 59,421 in 2022. The median income has risen from $103,625 in 2013 to $109,735 in 2022, indicating overall economic growth in the city. Racial demographics have remained relatively stable, with a slight increase in diversity. The white population has consistently been around 46% of the total, while the Hispanic population has decreased slightly from 33% to 31%. The Asian population has grown marginally from 7% to 8%, and the Black population has remained steady at around 12%.
The continued development of LIHTC projects during this period of economic growth suggests an ongoing commitment to maintaining affordable housing options in a potentially increasingly expensive market. White Plains has a modest but significant LIHTC-funded affordable housing inventory, covering about 2.2% of the estimated housing stock. The city has consistently developed affordable housing projects over more than two decades, with a particular focus in the 2010s. The distribution of unit sizes suggests a focus on smaller households. While the city has experienced economic growth and slight increases in diversity, it has maintained its commitment to affordable housing development, potentially helping to maintain economic diversity in the face of rising incomes.