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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Green Island, located in zip code 12183 in New York, has a population of 2,863 as of 2022. This zip code has a total of 51 LIHTC-funded affordable housing units, all of which are designated as low-income units. Based on the estimated housing inventory of 1,097 units, the LIHTC-funded affordable housing covers approximately 4.65% of the zip code's housing stock.
Zip code 12183 has two LIHTC-funded projects: Green Island Senior Housing and River's Edge Apartments. These projects were completed in 2001 and 2003 respectively, indicating that affordable housing has been present in the area for over two decades.
The early 2000s saw the most affordable housing development activity in this zip code. River's Edge Apartments, completed in 2003, is the larger of the two projects with 38 units, while Green Island Senior Housing, completed in 2001, has 13 units.
The unit types in zip code 12183 include 25 one-bedroom units, 18 two-bedroom units, and 8 three-bedroom units across both projects. The absence of efficiency units and four-bedroom units suggests a focus on accommodating small to medium-sized households.
Over the past decade, zip code 12183 has experienced population growth, increasing from 2,522 in 2013 to 2,863 in 2022. The median income has shown some fluctuation, rising from $50,835 in 2013 to $55,413 in 2022.
Racial demographics in zip code 12183 have shifted slightly, with the white population decreasing from 85% in 2013 to 70% in 2022. There has been an increase in diversity, particularly in the Hispanic population, which grew from 3% to 13% during this period.
Despite these demographic changes, no new LIHTC projects have been developed in zip code 12183 in the last decade. This could be due to various factors, including limited available land, changes in local housing policies, or the presence of other affordable housing programs not captured in this data.
The LIHTC program has contributed to the affordable housing stock in zip code 12183, with two projects providing 51 low-income units. These projects, completed in the early 2000s, represent about 4.65% of the estimated housing inventory. This falls short of the ideal 15-20% affordable housing target.
Zip code 12183 has experienced population growth and slight income increases over the past decade, along with increasing racial diversity. Despite these changes, no new LIHTC projects have been developed recently. This analysis provides a snapshot of LIHTC-funded affordable housing in the area, but a comprehensive understanding of the overall affordable housing landscape would require consideration of additional housing programs and local policies.