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Affordable Housing in Zip Code 13108: Analysis of LIHTC Projects in Marcellus, New York
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 13108, encompassing Marcellus in New York, contains 52 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. These units, all designated as low-income, constitute approximately 2.45% of the estimated 2,124 housing units in the zip code, based on the 2022 population.
The LIHTC program has supported two projects in zip code 13108: Nine Mile Landing Apts, completed in 1994, and Upper Crown Landing, finished in 2001. This indicates that affordable housing has been present in the community for nearly three decades. The 1990s marked the initiation of LIHTC projects in this area, with development continuing into the early 2000s.
The housing mix in these LIHTC projects primarily consists of one-bedroom units, with 50 such units available. Additionally, there are 2 two-bedroom units, offering options for slightly larger households. This distribution suggests a focus on accommodating smaller families or individual residents.
Over the past decade, the population in zip code 13108 has remained relatively stable, with minor fluctuations. The median income has shown some variability but generally remained in the $80,000 to $90,000 range. The racial composition of the area has been predominantly white, consistently above 95% throughout the observed period.
The stability in population and relatively high median income may explain the absence of new LIHTC projects in recent years. The existing affordable housing units may be meeting the current needs of the low-income population in this area.
Zip code 13108 has a modest LIHTC-funded affordable housing presence, with 52 units across two projects developed in the 1990s and early 2000s. While this represents a small percentage of the estimated housing stock, it provides essential housing options for low-income residents. The area's demographic stability and relatively high median income in recent years may have influenced the lack of new LIHTC developments. However, the existing units continue to play a crucial role in maintaining housing affordability for a portion of the community.
