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Affordable Housing in Zip Code 10918: Analysis of LIHTC-Funded Units in Chester, New York
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 zip code 10918, located in Chester, New York, contains 36 affordable housing units funded by the Low-Income Housing Tax Credit (LIHTC) program. These units, all designated as low-income, comprise approximately 0.73% of the total housing inventory in this zip code, based on the 2022 population of 12,860 and an estimated 4,927 housing units.
The LIHTC program has invested $407,876 in tax credits for affordable housing projects in zip code 10918, averaging $11,330 per unit. This investment represents 0.02% of New York State's total LIHTC funding, indicating a small but targeted allocation for this area.
The Green Meadows 515 Preservation Project, completed in 2009, is the only LIHTC-funded development in this zip code. This project has provided affordable housing options for over a decade, demonstrating a long-term commitment to housing accessibility in the area. The project consists of 36 units, including 2 one-bedroom units, 8 two-bedroom units, and 8 three-bedroom units, accommodating various household sizes and needs within the community.
Zip code 10918 has experienced demographic shifts over the past decade. The population has remained relatively stable, ranging between 12,860 and 13,580 residents. Median income has increased from $103,679 in 2013 to $110,476 in 2022, with a peak of $128,912 in 2021.
Racial demographics in the zip code have evolved. The white population decreased from 72% in 2013 to 68% in 2022. The Hispanic population grew from 12% to 17% during the same period. The Asian population increased from 1% to 5%, while the Black population remained relatively stable at 5-7%.
Zip code 10918 in Chester, New York, has a modest LIHTC-funded affordable housing presence, with 36 units provided through a single project completed in 2009. This represents a small portion of the estimated housing inventory but demonstrates a commitment to affordable housing in the area. The demographic trends, including rising median income and increasing diversity, underscore the ongoing importance of maintaining and potentially expanding affordable housing options to ensure a balanced and inclusive community.
