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Affordable Housing in Zip Code 13413: The Meadows At Middle Settlement
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Washington Mills, located in zip code 13413 in New York State, has a presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The zip code has 93 affordable units, all of which are designated as low-income units. Based on the 2022 population of 16,888 and an estimated 6,470 housing units, the LIHTC-funded affordable housing represents 1.44% of the total housing inventory in this zip code.
The LIHTC program has invested $611,209 in tax credits for affordable housing projects in this zip code. This translates to an average federal funding of $6,572 per unit. This zip code accounts for 0.03% of the total LIHTC funding allocated to New York State.
The most recent LIHTC-funded project in this zip code is the Meadows At Middle Settlement, completed in 2019. This project comprises all 93 affordable units in the area, all of which are efficiency units. The 2010s marked the decade with the most affordable housing development in this zip code.
Over the past decade, the population in zip code 13413 has remained relatively stable, with an increase from 16,377 in 2020 to 16,888 in 2022. The median income has fluctuated, reaching $75,726 in 2022, down from $77,198 in 2020.
Racial demographics have shown minimal changes, with the white population decreasing from 94% in 2013 to 90% in 2022. There has been a small increase in racial diversity, with the Asian population growing from 2% to 4% and the Hispanic population from 1% to 3% during this period.
The completion of the Meadows At Middle Settlement project in 2019 aligns with a period of relatively stable population and income levels, suggesting a response to the area's affordable housing needs.
Zip code 13413 in Washington Mills, New York, has a modest LIHTC-funded affordable housing presence, with 93 units representing 1.44% of the estimated housing inventory. The area has seen one significant project completed in recent years, focusing entirely on efficiency units. The affordable housing stock represents a targeted effort to address low-income housing needs in a relatively stable demographic environment.
