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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 13202 in Syracuse, New York, is a densely populated urban area with a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing presence. This zip code contains 395 total units in LIHTC-funded projects, with 391 designated as low-income units. Based on the estimated 2,852 housing units in the zip code, LIHTC-funded affordable housing comprises approximately 13.8% of the area's housing inventory.
The LIHTC projects in zip code 13202 have received $16,958,390 in project tax credits, averaging about $42,933 per unit. This zip code holds 0.8% of the total state LIHTC funding, indicating a notable concentration of affordable housing investment in this small urban area.
The first LIHTC project in this zip code, Homes of Syracuse, was completed in 2012, while the most recent, Freedom Commons, was finished in 2019. This seven-year span demonstrates a consistent commitment to affordable housing development in the area. The 2010s saw the most affordable housing activity, with four projects completed during this decade.
The LIHTC-funded housing stock in zip code 13202 is diverse, with 88 efficiencies, 223 one-bedroom units, 63 two-bedroom units, and 2 three-bedroom units. This distribution suggests a focus on accommodating smaller households and individuals. Freedom Commons, completed in 2019, targets the post-incarceration population, addressing the unique needs of individuals re-entering society.
Over the past decade, zip code 13202 has experienced significant population growth, increasing from 5,046 in 2010 to 7,444 in 2022. This 47.5% population increase coincides with the development of LIHTC projects. Median income in the zip code has fluctuated, with the most recent data showing $20,346 in 2022. This relatively low median income underscores the importance of affordable housing in the area.
Racial demographics in zip code 13202 have shifted, with the Black population decreasing from 56% in 2013 to 40% in 2022, while the Hispanic population increased from 8% to 17% during the same period. The White population also increased from 24% to 33%. These changes in racial composition occurred alongside the development of LIHTC projects, potentially reflecting broader demographic shifts in the area.
Zip code 13202 in Syracuse has seen significant investment in LIHTC-funded affordable housing over the past decade, with projects addressing various housing needs, including specialized housing for post-incarceration individuals. The area has experienced substantial population growth and demographic changes during this period. With LIHTC-funded units comprising 13.8% of the estimated housing stock, this zip code is making progress towards meeting affordable housing needs, though continued efforts may be necessary to fully address the housing requirements of its low-income residents.