Loading Content...
Affordable Housing in Zip Code 14572: LIHTC-Funded Inventory in Wayland, NY
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 14572, located in Wayland, New York, contains a total of 6 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. These units represent approximately 0.33% of the estimated 1,799 housing units in the zip code, based on the 2022 population of 4,695. The LIHTC-funded affordable housing inventory in this area consists of two projects: Lackawanna Court Apartments and Lincoln Court.
The earliest known affordable housing development in zip code 14572 is Lackawanna Court Apartments, completed in 1989. This project has been providing affordable housing options for over three decades. Both LIHTC-funded projects in this zip code exclusively offer one-bedroom units, with Lackawanna Court Apartments contributing 4 units and Lincoln Court providing 2 units.
Demographic trends in zip code 14572 show some changes over the past decade. The population has decreased from 5,012 in 2015 to 4,695 in 2022. Median income has increased from $49,186 in 2015 to $52,419 in 2022, indicating a modest improvement in economic conditions for some residents.
Racial demographics in zip code 14572 have remained relatively stable, with the white population consistently representing the majority. However, there has been a small increase in diversity. The Hispanic population has grown from 0% in 2015 to 3% in 2022, and the percentage of residents identifying as two or more races has increased from 1% to 3% during the same period.
The LIHTC-funded affordable housing in zip code 14572 provides a small but consistent inventory of low-income units, primarily consisting of one-bedroom apartments. This housing stock has been a long-standing resource for the community, with projects dating back to 1989. The area has experienced slight population decline and modest income growth over the past decade, along with a small increase in racial diversity. These demographic trends may influence future affordable housing needs and development in the zip code.
