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Affordable Housing in Zip Code 11590: LIHTC Funding 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 11590, located in Westbury, New York, contains 200 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units, with 198 designated as low-income units. These units represent approximately 1.13% of the estimated 17,725 total housing units in the zip code.
The LIHTC projects in zip code 11590 have received $2,234,858 in tax credits, averaging $11,174 per unit. This zip code holds 0.11% of the total state LIHTC funding. Affordable housing development in this area spans nearly two decades, with the first LIHTC project completed in 2003 and the most recent in 2020.
The 2010s saw the most affordable housing activity, with three projects completed during this decade. The LIHTC-funded housing in this zip code offers a range of unit types, including 9 efficiencies, 70 one-bedroom units, 53 two-bedroom units, and 3 three-bedroom units. One project, Apex II, completed in 2008, targets individuals dealing with substance abuse issues.
Zip code 11590 experienced population growth from 43,954 in 2013 to 46,263 in 2022. The median income increased from $104,879 in 2013 to $122,937 in 2022. The racial composition has shifted, with the Hispanic population increasing from 27% to 35%, the white population decreasing from 39% to 33%, the Asian population increasing from 8% to 10%, and the Black population decreasing from 21% to 18%.
The continued development of LIHTC projects during this period, despite rising median incomes, suggests an ongoing need for affordable housing options in the community. This may be due to increasing housing costs or to serve specific population segments.
Zip code 11590 demonstrates a sustained commitment to affordable housing through its LIHTC-funded projects. These units provide crucial housing options for low-income residents. The diverse unit types and targeted projects reflect efforts to address specific community needs. The area's demographic shifts and economic growth, coupled with continued LIHTC development, underscore the ongoing importance of affordable housing initiatives in this evolving community.
