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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 12528, encompassing Highland in New York, presents a distinct affordable housing scenario. This area contains 51 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units, all of which are classified as low-income units. Based on the 2022 population of 14,395 and utilizing the national average household size, an estimated 5,515 housing units exist in the zip code. The LIHTC funded affordable housing comprises approximately 0.92% of the estimated housing inventory in this area.
The LIHTC program has allocated $725,000 in project tax credits for affordable housing in zip code 12528. This equates to an average federal funding of $14,216 per unit. This investment constitutes 0.03% of New York state's total LIHTC funding allocation.
Zip code 12528's affordable housing is characterized by a single project, Golden View, completed in 2007. This project initiated LIHTC-funded affordable housing in the area, establishing a 15-year history of affordable housing presence. All 51 units in the Golden View project are one-bedroom apartments, addressing a specific housing need in the community.
Zip code 12528 has experienced demographic changes over the past decade. The population increased from 13,692 in 2015 to 14,395 in 2022. Median income fluctuated, decreasing from $79,097 in 2015 to $76,292 in 2022, with a peak of $91,223 in 2021.
The racial distribution has remained relatively constant, with the white population constituting the majority but decreasing from 80% in 2015 to 71% in 2022. The Hispanic population has maintained a steady 10-12%, while the Asian population increased from 2% in 2015 to 7% in 2022.
These demographic trends, particularly the relatively high median income and stable population, may explain the absence of additional LIHTC projects since 2007. The existing project likely continues to serve a specific segment of the population requiring affordable housing.
Zip code 12528 in Highland has a modest LIHTC-funded affordable housing inventory, consisting of 51 one-bedroom units in a single project completed in 2007. This represents less than 1% of the estimated housing stock. The area has experienced slight population growth and income fluctuations over the past decade, with a relatively high median income. Racial demographics have remained largely stable, with a notable increase in the Asian population. These factors may influence the current state of affordable housing development in the area.