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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 12543, encompassing Maybrook in New York, demonstrates a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The area contains 88 affordable housing units, all classified as low-income units. This zip code spans 1.17 square miles and had a population of 1,248 in 2022.
The estimated housing inventory of 478 units in zip code 12543 indicates that LIHTC funded affordable housing comprises approximately 18.4% of the zip code's housing stock. This percentage aligns with the target range of 15-20% for a balanced community, suggesting that the LIHTC program has substantially contributed to meeting affordable housing needs in this area.
The LIHTC program has funded two projects in zip code 12543. Evergreens Senior Housing, completed in 2001, represents the initial LIHTC-funded affordable housing project in the area. This project accounts for all 88 units, consisting entirely of one-bedroom apartments. The second project, The Evergreens, lacks available data on unit count or completion year.
The early 2000s appear to be the most active period for LIHTC development in zip code 12543, with Evergreens Senior Housing serving as the primary project. This indicates a long-term commitment to affordable housing in the area, spanning over two decades.
Over the past decade, the population in zip code 12543 has remained relatively stable, fluctuating between 1,200 and 1,400 residents. The median income has increased significantly, rising from $64,371 in 2018 to $78,378 in 2022, representing a 21.8% growth over five years.
Racial demographics in zip code 12543 have experienced some changes. The white population percentage has remained dominant but fluctuated, moving from 65% in 2018 to 67% in 2022. The Hispanic population has seen the most notable change, increasing from 20% in 2018 to 26% in 2022. The Black population has decreased from 11% to 5% during the same period.
These demographic changes, particularly the rising median income, suggest that while the existing LIHTC projects continue to serve the community, there may be evolving needs for affordable housing in zip code 12543.
Zip code 12543 demonstrates a substantial investment in affordable housing through the LIHTC program, with 88 units dedicated to low-income residents. This accounts for approximately 18.4% of the estimated housing stock, aligning well with recommended targets for affordable housing. The area's demographic trends, including a rising median income and shifts in racial composition, underscore the ongoing importance of maintaining and potentially expanding affordable housing options to ensure continued accessibility for diverse income levels within the community.