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Affordable Housing in Zip Code 13367: LIHTC Projects in Lowville, 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
The zip code 13367, located in Lowville, New York, contains 42 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. All of these units are designated as low-income units. Based on the 2022 population of 8,064 and using the national average household size, there are an estimated 3,090 housing units in this zip code. The LIHTC-funded affordable housing represents approximately 1.36% of the estimated housing inventory.
The LIHTC program has funded two projects in zip code 13367: the Bateman Hotel Renovation and Lewis Apts. The Bateman Hotel Renovation, completed in 1992, is the earliest known LIHTC project in the area. This project provides 24 low-income units, including 3 efficiencies, 2 one-bedroom, and 1 two-bedroom units. Lewis Apts contributes an additional 18 low-income units, with 8 one-bedroom and 1 two-bedroom units.
Over the past decade, the population in zip code 13367 has remained relatively stable, with slight fluctuations. The population grew from 8,076 in 2013 to 8,064 in 2022, peaking at 8,272 in 2019. Median income has shown an overall increasing trend, rising from $51,188 in 2013 to $59,362 in 2022, with some year-to-year variations. The racial composition has remained predominantly white, consistently above 93% throughout the decade, with slight increases in diversity. The Hispanic population grew from 1% to 2%, and the Black population increased from 0% to 1-2% over this period.
The stability in population and gradual increase in median income may suggest a consistent need for affordable housing, explaining the continued presence of LIHTC projects. However, the lack of new LIHTC developments in recent years could indicate that other housing programs or existing units are meeting the current affordable housing demand.
Zip code 13367 in Lowville, New York, demonstrates a modest LIHTC-funded affordable housing presence, with 42 low-income units across two projects. These units, representing about 1.36% of the estimated housing inventory, provide a mix of efficiencies and small apartments, primarily catering to individuals and small families. The area's demographic trends show a stable population with gradually increasing median income and slight diversification, which may influence future affordable housing needs. While LIHTC projects have not expanded in recent years, they continue to play a role in the zip code's housing landscape, contributing to the overall affordable housing stock in this rural New York community.
