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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Philadelphia, New York, zip code 13673, contains a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. This zip code has 52 total affordable housing units, with 45 designated as low-income units. Based on the estimated 784 housing units in the zip code, LIHTC funded affordable housing comprises approximately 6.6% of the area's housing inventory.
The LIHTC program has funded two projects in this zip code, both named Philadelphia Apts. The first project, completed in 1991, marks the beginning of LIHTC-funded affordable housing in this area. This project provided 28 total units, including 21 low-income units, with a mix of one-bedroom, two-bedroom, and three-bedroom apartments.
The inventory of LIHTC-funded units in this zip code includes 14 one-bedroom units, 32 two-bedroom units, and 6 three-bedroom units. This distribution indicates a focus on accommodating small to medium-sized families and individuals.
Over the past decade, the population in zip code 13673 has fluctuated, showing a slight overall decrease from 2,315 in 2013 to 2,045 in 2022. The median income has also varied, ranging from a low of $44,013 in 2018 to a high of $55,963 in 2020, with the most recent data showing $54,987 in 2022.
Racial demographics have remained relatively stable, with the white population consistently representing the majority (around 85-90%). There has been a slight increase in diversity, with the percentage of residents identifying as two or more races growing from 2% in 2013 to 6% in 2022.
The stable population and income levels, combined with the consistent racial demographics, suggest that the existing LIHTC projects have been meeting a consistent need in the community. The lack of new LIHTC projects in recent years may indicate that the current inventory is sufficient for the area's needs, or that other affordable housing programs are supplementing the LIHTC-funded units.
Zip code 13673 in Philadelphia, New York, has a modest but significant LIHTC-funded affordable housing presence, covering about 6.6% of the estimated housing inventory. The two Philadelphia Apts projects, initiated in 1991, have provided a mix of unit sizes to cater to various household needs. The overall stability in demographic trends suggests that the LIHTC projects have been a consistent part of the community's housing landscape for over three decades.