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Wyandanch's Affordable Housing: LIHTC Implementation and Demographic Shifts
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Wyandanch, a census-designated place in New York, has an affordable housing landscape supported by the Low-Income Housing Tax Credit (LIHTC) program. The city's LIHTC-funded affordable housing inventory comprises 177 total units, with 105 designated as low-income units. Based on the 2022 population of 14,115 and an estimated 5,408 housing units, LIHTC-funded affordable housing represents approximately 3.3% of the city's estimated housing stock.
Wyandanch has received $1,987,825 in project tax credits through the LIHTC program. With two projects, this translates to an average of $993,913 in federal funding per project. The average federal funding per unit is $11,230. Wyandanch holds 0.09% of New York State's total LIHTC funding, indicating a small but significant contribution to the state's affordable housing efforts.
The LIHTC-funded affordable housing in Wyandanch consists of two projects: Wyandanch Rising - Building A and Wyandanch Rising - Building B. Both projects were completed in 2015, marking a concentrated effort to increase affordable housing options in the city during that year. The housing mix in these LIHTC projects includes 44 efficiencies, 101 one-bedroom units, 26 two-bedroom units, and 6 three-bedroom units. This distribution suggests a focus on accommodating smaller households and individuals.
Over the past decade, Wyandanch has experienced demographic shifts. The population has grown from 11,140 in 2010 to 14,115 in 2022, representing a 26.7% increase. This growth may have contributed to the need for additional affordable housing options, as evidenced by the LIHTC projects completed in 2015.
Median income in Wyandanch has fluctuated, rising from $68,976 in 2013 to $72,146 in 2022. This moderate income growth, coupled with population increase, suggests a continued need for affordable housing options.
Racial demographics have also evolved, with the Black population decreasing from 64% in 2013 to 47% in 2022, while the Hispanic population increased from 22% to 36% during the same period. This demographic shift may influence future affordable housing needs and considerations.
Wyandanch's LIHTC-funded affordable housing inventory plays a crucial role in addressing the city's housing needs. The concentration of projects completed in 2015 indicates a focused effort to expand affordable housing options. As the city continues to grow and evolve demographically, ongoing assessment of affordable housing needs will be essential to ensure adequate support for low-income residents.
