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Affordable Housing in Zip Code 12566: LIHTC Funding and Housing Inventory Analysis
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The zip code 12566, which includes Ellenville in New York, contains 154 total units in Low-Income Housing Tax Credit (LIHTC) funded projects, with 126 designated as low-income units. Based on the 2022 population of 11,470 and an estimated 4,395 housing units, LIHTC funded affordable housing comprises approximately 3.5% of the estimated housing inventory in this zip code.
The LIHTC program has invested $713,431 in tax credits for affordable housing projects in zip code 12566. This equates to an average federal funding of $4,633 per unit across all LIHTC funded projects. Zip code 12566 accounts for 0.03% of the total LIHTC funding allocated to New York State.
Affordable housing has been present in zip code 12566 for over two decades. The first LIHTC project, Pine Bush Apts, was completed in 1999, and the most recent, Pinecrest, was finished in 2006. The 2000s experienced the most affordable housing development activity in this area.
The LIHTC funded housing inventory in zip code 12566 consists primarily of one-bedroom units (135), followed by two-bedroom units (19). This composition indicates a focus on housing for smaller households or individuals.
Over the past decade, the population in zip code 12566 has remained relatively stable, fluctuating between 11,300 and 12,100 residents. The median income has shown variability, ranging from approximately $85,000 to $93,000. The racial composition has remained predominantly white, consistently above 75%, with slight increases in diversity, particularly in the Hispanic population and those identifying as two or more races.
Zip code 12566 has a modest LIHTC funded affordable housing presence, covering about 3.5% of the estimated housing inventory. The area has seen consistent investment in affordable housing over the years, with a focus on smaller units. While the population and racial composition have remained relatively stable, there have been fluctuations in median income. These LIHTC projects contribute to addressing affordable housing needs in the area, though they represent a small portion of the overall housing stock.
