Loading Content...
Affordable Housing in Williamsbridge: LIHTC Impact and Demographic Shifts
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Williamsbridge, a neighborhood in the Bronx, New York, has a presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood's LIHTC inventory consists of 141 total units, with 140 designated as low-income units. Based on the 2022 population of 44,227 and using the national average household size of 2.61, there are approximately 16,945 housing units in the neighborhood. The LIHTC-funded affordable housing covers about 0.83% of the estimated housing inventory in Williamsbridge.
The LIHTC projects in Williamsbridge have received a total of $2,358,629 in tax credits. With 141 total units, this translates to an average federal funding of approximately $16,727 per unit. The neighborhood has seen LIHTC-funded affordable housing development spanning a decade, with the earliest project, "3377 Whiteplains Road," completed in 2006, and the most recent, "White Plains North Lp," finished in 2016. The 2010s saw the most affordable housing development activity in Williamsbridge.
The LIHTC-funded housing stock in Williamsbridge offers a range of unit types. The inventory includes 15 efficiencies, 89 one-bedroom units, and 37 two-bedroom units. This distribution suggests a focus on accommodating smaller households and families.
Over the past decade, Williamsbridge has experienced demographic shifts. The population has changed from 44,460 in 2013 to 44,227 in 2022, showing relative stability. Median income has increased from $45,415 in 2013 to $51,416 in 2022, indicating a modest improvement in economic conditions.
The racial composition of the neighborhood has evolved. The Black population has decreased from 70% in 2013 to 59% in 2022, while the Hispanic population has increased from 23% to 32% during the same period. The Asian population has remained relatively stable at around 2%.
These demographic changes, particularly the increase in median income, may have influenced the need for affordable housing in the neighborhood. However, with the most recent LIHTC project completed in 2016, it is possible that other affordable housing initiatives or changing neighborhood dynamics have affected the demand for LIHTC-funded projects in recent years.
Williamsbridge's LIHTC-funded affordable housing inventory provides 140 low-income units to the community. The neighborhood has seen LIHTC development activity over a decade, with projects receiving an average of $16,727 per unit in federal funding. The housing stock offers a mix of unit types, primarily catering to smaller households. While demographic shifts have occurred, including population stability and a moderate increase in median income, the impact of these changes on affordable housing needs requires further investigation. The LIHTC program has played a role in addressing affordable housing needs in Williamsbridge, though its contribution represents a small portion of the overall housing landscape.
