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East Patchogue: Examining LIHTC-Funded Affordable Housing Trends
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
East Patchogue, located in New York State, has a total of 193 units in Low-Income Housing Tax Credit (LIHTC) funded affordable housing projects, with 185 of these designated as low-income units. Based on the city's 2022 population of 21,449 and an estimated 8,218 housing units, the LIHTC-funded affordable housing covers approximately 2.3% of the city's estimated housing inventory.
East Patchogue has received $2,009,509 in project tax credits from the LIHTC program. With approximately 4 projects, this translates to an average federal funding of $502,377 per project and $10,412 per unit. The city holds 0.1% of the total state funding for LIHTC projects.
The LIHTC-funded affordable housing in East Patchogue spans from 2003 to 2009, indicating a six-year period of active affordable housing development. The first projects, Patchogue Senior Apts and Patchogue Senior Apts II, were both completed in 2003. The most recent project, South Country Homes, was completed in 2009. The 2000s saw the most affordable housing projects completed in the city.
The LIHTC-funded housing inventory in East Patchogue consists of 5 efficiencies, 168 one-bedroom units, and 20 two-bedroom units. This distribution suggests a focus on smaller household sizes, particularly suitable for seniors or small families.
Over the past decade, East Patchogue's population has remained relatively stable, with a slight decrease from 22,766 in 2017 to 21,449 in 2022. The median income has shown an overall upward trend, rising from $92,862 in 2017 to $98,014 in 2022, with a peak of $107,753 in 2021.
The racial composition of East Patchogue has remained fairly consistent, with the white population comprising the majority at around 74-76% throughout the decade. The Hispanic population has seen a slight decrease from 19% in 2017 to 14% in 2022, while the Asian population has increased slightly from 2% to 3% during the same period.
East Patchogue's LIHTC-funded affordable housing inventory, while modest in size, provides 193 units of affordable housing, primarily consisting of one-bedroom units. The development of these projects occurred primarily in the 2000s, with no new LIHTC projects recorded in the last decade. The city's demographic trends show a stable population with increasing median income, which may influence the perceived need for additional affordable housing development. The LIHTC program has played a role in diversifying the housing options in East Patchogue, contributing to the overall housing landscape of the community.
