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Affordable Housing Landscape in Zip Code 13210: A Decade of LIHTC Impact in Syracuse
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 13210 in Syracuse, New York, exhibits a significant presence of affordable housing funded by the Low-Income Housing Tax Credit (LIHTC) program. This area contains 751 total units in LIHTC-funded projects, of which 675 are designated as low-income units. These figures demonstrate a substantial commitment to affordable housing in the zip code. Based on the 2022 population of 21,043 and an estimated 8,062 housing units, the LIHTC-funded affordable housing comprises approximately 9.3% of the zip code's estimated housing inventory.
The LIHTC projects in zip code 13210 have received $4,680,443 in tax credits, which averages to about $6,232 per unit in federal funding. This zip code accounts for 0.22% of New York state's total LIHTC funding, indicating a notable concentration of affordable housing investment in this area. Affordable housing has been a long-standing feature of this zip code, with the earliest recorded LIHTC project completed in 1992 and the most recent in 2013. The 1990s saw significant affordable housing development, with multiple projects completed during this decade, including "Housing Visions Group III" in 1995 and "Westcott Heights" in 1996.
The LIHTC-funded projects in zip code 13210 offer a diverse range of unit types. Out of the 751 total units, there are 36 efficiencies, 124 one-bedroom units, 315 two-bedroom units, 183 three-bedroom units, and 44 four-bedroom units. This distribution suggests a focus on accommodating various household sizes, with a particular emphasis on two-bedroom units.
Over the past decade, zip code 13210 has experienced some demographic shifts. The population has decreased slightly from 21,755 in 2013 to 21,043 in 2022. Despite this population decline, the median income has increased from $28,530 in 2013 to $36,082 in 2022, indicating improving economic conditions for residents. Racial demographics have remained relatively stable, with some minor changes. The white population has decreased slightly from 62% in 2013 to 59% in 2022, while the Hispanic population has increased from 5% to 9% during the same period. The Black population has remained relatively constant, hovering around 19-22% throughout the decade.
These demographic trends, particularly the rising median income, may indicate changing housing needs in the area. However, the continued presence of a significant minority population and the overall income levels suggest an ongoing need for affordable housing options. The demographic changes and economic improvements observed in zip code 13210 over the past decade highlight the importance of continued monitoring and adaptation of affordable housing strategies to meet the evolving needs of the community.
Zip code 13210 in Syracuse, New York, demonstrates a substantial commitment to affordable housing through its LIHTC-funded projects. With 751 total units, including 675 low-income units, these projects cover approximately 9.3% of the estimated housing inventory. The area has received over $4.6 million in tax credits, representing 0.22% of New York state's total LIHTC funding. The affordable housing stock offers a diverse range of unit types, catering to various household sizes. While the population has slightly decreased over the past decade, rising median incomes and stable racial demographics suggest an evolving but continued need for affordable housing in this zip code.
