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Affordable Housing Presence in Zip Code 14075: Analysis of LIHTC Projects in North Boston, New York
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 14075, located in North Boston, New York, contains Low-Income Housing Tax Credit (LIHTC) funded affordable housing. This area has 72 affordable units, all categorized as low-income units. Based on the 2022 population of 43,629 and the national average household size, the estimated housing inventory is 16,716 units. LIHTC funded affordable housing comprises approximately 0.43% of the zip code's housing stock.
Zip code 14075 contains two LIHTC funded projects: Claire Court Apts and Creek Bend Heights. Claire Court Apts, completed in 2001, is the earliest known LIHTC project in the area. This project accounts for all 72 low-income units in the zip code, consisting of 16 one-bedroom units, 4 two-bedroom units, and 16 three-bedroom units. The variety of unit sizes suggests an effort to accommodate different household compositions within the affordable housing inventory.
The population in zip code 14075 has increased from 41,675 in 2013 to 43,629 in 2022. The median income has also risen, from $73,264 in 2013 to $79,375 in 2022, indicating overall economic growth in the area.
The racial composition of zip code 14075 has remained relatively stable, with the white population consistently comprising 94-96% throughout the decade. There has been a slight increase in diversity, with small but growing percentages of Hispanic, Black, and multiracial residents.
No new LIHTC projects have been completed in the last decade according to the available data. This could indicate that the existing affordable housing stock has been sufficient to meet the area's needs, or that other housing programs may be addressing any additional affordable housing requirements.
Zip code 14075 in North Boston, New York, has a modest LIHTC funded affordable housing presence, with 72 low-income units concentrated in one project completed in 2001. This represents a small fraction of the estimated housing stock but provides a variety of unit sizes to serve different household needs. The area has experienced population and income growth over the past decade, alongside minimal changes in racial composition. The lack of new LIHTC projects in recent years, despite demographic changes, suggests a need for ongoing assessment of affordable housing needs in this growing community.
