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Affordable Housing in Zip Code 11101: LIHTC Impact on Queens' Evolving Urban Landscape
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 11101, located in Queens, New York, contains a significant LIHTC-funded affordable housing inventory. This area has 1,203 total units in LIHTC-funded projects, with 395 units specifically designated as low-income. Based on the 2022 population of 38,120 and an estimated 14,605 housing units, LIHTC-funded affordable housing comprises approximately 8.2% of the zip code's estimated housing inventory.
The LIHTC projects in zip code 11101 have received $6,253,077 in tax credits, averaging about $5,198 in federal funding per unit. This zip code holds 0.3% of New York State's total LIHTC funding allocation, indicating a substantial investment in affordable housing for this area.
The affordable housing presence in this zip code spans from 2014 to 2017, with five notable projects completed during this period. The first projects, "46-09 11Th Street" and "26-14 Jackson Avenue," were both completed in 2014. The most recent project, "43-25 Hunter," was finished in 2017. The year 2015 saw the most activity, with two projects completed: "Hunter S Point South A" and "Hunter S Point South B."
The LIHTC-funded projects in zip code 11101 offer a diverse range of unit types. Out of the total 1,203 units, there are 209 efficiencies, 462 one-bedroom units, 386 two-bedroom units, and 83 three-bedroom units. This distribution suggests a focus on accommodating various household sizes, with a predominance of smaller units.
Over the past decade, zip code 11101 has experienced significant demographic changes coinciding with the development of LIHTC projects. The population has grown substantially, from 28,530 in 2013 to 38,120 in 2022, a 33.6% increase. This growth may have contributed to the need for additional affordable housing options.
Median income in zip code 11101 has risen dramatically, from $64,173 in 2013 to $106,290 in 2022, a 65.6% increase. Despite this overall income growth, the presence of LIHTC projects suggests a continued need for affordable housing options for lower-income residents.
The racial composition of zip code 11101 has shifted noticeably. The Asian population increased from 18% in 2013 to 28% in 2022, while the Hispanic population decreased from 35% to 21%. The White population remained relatively stable at around 34-35%. These demographic changes may influence the ongoing need for diverse and affordable housing options in the area.
Zip code 11101 in Queens, New York, demonstrates a significant commitment to affordable housing through its LIHTC-funded projects. With 1,203 total units, including 395 low-income units, these projects cover about 8.2% of the estimated housing inventory. The area has seen substantial population growth and income increases over the past decade, alongside shifts in racial composition. Despite rising median incomes, the continued presence of LIHTC projects indicates an ongoing effort to maintain affordable housing options in this evolving urban landscape.
