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Affordable Housing in Zip Code 13148: LIHTC Funded Projects in Seneca Falls, 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
Seneca Falls, located in New York's 13148 zip code, contains 248 total units in Low-Income Housing Tax Credit (LIHTC) funded projects, with 207 designated as low-income units. This represents approximately 6% of the estimated 4,105 housing units in the zip code. The LIHTC projects in this area have received $1,640,000 in project tax credits, averaging about $6,613 in federal funding per unit. This zip code holds 0.08% of New York's total state LIHTC funding.
Affordable housing has been present in this community for nearly three decades. The first LIHTC project, Stanton Meadows, was completed in 1994, while the most recent, Pine View Circle, was finished in 2018. The 2010s saw the most activity in affordable housing development, with two projects completed: Lakeview Heights Seneca Lane Apts in 2010 and Pine View Circle in 2018.
The LIHTC funded housing in this zip code offers a range of unit types. Of the 248 total units, there are 2 efficiencies, 85 one-bedroom units, 99 two-bedroom units, and 26 three-bedroom units. This distribution indicates accommodation for various household sizes, with a focus on one and two-bedroom apartments.
Over the past decade, the population in zip code 13148 has remained relatively stable, fluctuating between approximately 10,200 and 10,700 residents. The median income has shown an overall upward trend, increasing from $48,153 in 2013 to $54,352 in 2022, with some fluctuations in between.
The racial composition of the area has remained predominantly white, though there has been a slight decrease from 94% in 2013 to 91% in 2022. There have been small increases in the Asian, Black, and Hispanic populations, each growing from about 1% to 2-3% over this period.
The most recent LIHTC project, Pine View Circle, was completed in 2018. This coincided with a period of relatively stable population and increasing median income, suggesting a continued need for affordable housing options despite improving economic conditions for some residents.
The 13148 zip code area has a modest but significant LIHTC funded affordable housing inventory, covering about 6% of the estimated housing stock. The area has seen consistent development of affordable housing over nearly three decades, with the most recent project completed in 2018. The diverse unit types suggest an effort to accommodate various household sizes and needs. While the area has experienced slight demographic shifts and income growth over the past decade, the continued development of LIHTC projects indicates an ongoing demand for affordable housing options in this community.
