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Affordable Housing in Zip Code 11570: LIHTC-Funded Units and Substance Abuse Support
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 11570, located in Rockville Centre, New York, contains 328 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. These units, all designated as low-income, comprise approximately 2.96% of the estimated 11,096 housing units in the zip code. The LIHTC projects in this area have received $2,339,882 in tax credits, averaging about $7,134 per unit. This funding represents 0.11% of the total LIHTC allocation for New York state.
Affordable housing has been present in zip code 11570 since at least 2006, with the completion of Mill River Residences. The most recent project, Rockville Apts, was completed in 2010. The LIHTC funded housing in this zip code offers a range of unit types, including 77 efficiencies, 79 one-bedroom units, 87 two-bedroom units, 30 three-bedroom units, and 10 four-bedroom units. Notably, the Rockville Apts project targets individuals dealing with substance abuse, addressing a specific community need.
Over the past decade, the population in zip code 11570 has increased from 27,530 in 2013 to 28,960 in 2022. The median income has risen from $138,356 in 2013 to $146,512 in 2022, indicating an affluent area. Racial demographics have remained relatively stable, with a slight decrease in the white population (76% to 74%) and small increases in Asian (1% to 5%) and Hispanic (10% to 11%) populations. The black population has decreased from 10% to 7% during this period.
The absence of new LIHTC projects in zip code 11570 since 2010 may be related to the area's high median income and relatively stable demographics, potentially indicating a lower demand for additional low-income housing in recent years. The existing LIHTC funded affordable housing inventory, while modest at 2.96% of the estimated housing stock, provides 328 low-income units of various sizes to the community.
The specialized housing for individuals dealing with substance abuse, provided by the Rockville Apts project, addresses a specific need within the community. This focus on a vulnerable population demonstrates the diverse applications of LIHTC funding in addressing various housing needs.
In summary, zip code 11570 in Rockville Centre, New York, maintains a small but significant LIHTC funded affordable housing inventory. The area has received over $2.3 million in tax credits for these projects, which continue to provide low-income housing options. The high median income and stable demographics of the area may influence the current state and future development of affordable housing in this zip code.
