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Affordable Housing Landscape in Zip Code 10901: Montebello's LIHTC Developments
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
The zip code 10901, encompassing Montebello, New York, contains a notable concentration of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. This area houses 370 affordable units, all of which are classified as low-income units. Based on the 2022 population of 25,674 and the national average household size, the estimated housing inventory is 9,837 units. Consequently, LIHTC funded affordable housing represents approximately 3.76% of the zip code's housing stock.
Two LIHTC funded projects exist in the zip code: Spook Rock United and Airmont Gardens. Spook Rock United, completed in 1995, provides 231 low-income units, all of which are one-bedroom apartments. Airmont Gardens, finished in 2003, offers 139 low-income units, consisting of 11 one-bedroom and 3 two-bedroom units. These projects indicate a commitment to affordable housing spanning nearly a decade, with the 1990s and early 2000s being the most active period for LIHTC development in this area.
The unit distribution in these projects predominantly favors one-bedroom apartments, with 242 out of 370 units being one-bedroom, and only 3 two-bedroom units available. This configuration indicates a focus on accommodating smaller households or individuals in need of affordable housing.
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The zip code has experienced moderate population growth over the past decade, increasing from 23,142 in 2013 to 25,674 in 2022. The median income has also risen, from $104,474 in 2013 to $108,594 in 2022, with a peak of $119,209 in 2021. This upward trend in income may indicate a growing need for affordable housing options to maintain economic diversity in the area.
Racial demographics have remained relatively stable, with a slight decrease in the white population from 76% in 2013 to 72% in 2022. There has been a small increase in the Black population (6% to 9%) and the Hispanic population (10% to 12%) over this period. The Asian population has remained steady at around 5%. These shifts, though modest, could suggest a growing diversity that may benefit from continued affordable housing options.
The zip code 10901 in Montebello, New York, has a small but significant LIHTC funded affordable housing presence, covering about 3.76% of the estimated housing inventory. The two projects, completed in the late 1990s and early 2000s, primarily offer one-bedroom units, catering to smaller households. While the area has seen growth in population and median income over the past decade, the racial demographics have remained relatively stable with slight increases in diversity. This analysis suggests that while LIHTC funded housing has provided a foundation for affordable options, ongoing assessment of housing needs may be beneficial as the community continues to evolve.
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