Builders Patch | HousingCount Albany County affordable housing data.

Albany County

Summary

42.7% share of renter households
49.5% share of low-income households
41.8% share of rent-burdened households

Renter population data

Renters vs homeowners

Households	% share
Renter households	55,849
Homeowner households	74,905
Total households	130,754

Low-income renter households

Households	% share
Extremely low-income (≤30% AMI)	9,463
Very low-income (31-50% AMI)	6,094
Low-income (51-80% AMI)	12,088
All low-income households (<80% AMI)	27,645

Rent-burdened households

Share of income spent on rent	Households	% share
Moderately rent-burdened	11,427	20.5%
30.0–34.9%	4,516	8.1%
35.0–39.9%	2,784	5.0%
40.0-49.9%	4,127	7.4%
Severely rent-burdened	11,942	21.4%
≥50.0%	11,942	21.4%
All rent-burdened households	23,369	41.8%

Affordable housing shortage

Rent vs median household income

Median household income
- Amount ($)
  - in 2010: 33,608
  - in 2021: 46,793
  - Increase (2010–2021): 39.2%
Median rent
- Amount ($)
  - in 2010: 419
  - in 2021: 963
  - Increase (2010–2021): 129.8%

Affordable housing stock

Supply, demand & shortage	Units
Supply (current stock)	6,139
Demand (total units needed)	14,798
Shortage	10,808
Total shortage	10,808
Supply/demand ratio	41.5%

HUD National Low Income Housing Tax Credit (LIHTC) Database

Name	Type	Year	Zipcode	Market Rate	Low Income	Type	Amount
HIGHBRIDGE OVERLOOK	New construction	N/A	2014	N/A	10452	N/A	$1,804,887
IRVINGTON FAMILY APTS	New construction	N/A	2007	N/A	94538	N/A	$1,378,252
HILLTOP VILLAGE	New construction - Acquisition and Rehab	N/A	2012	N/A	32208	N/A	$504,385
HUNTINGTON RESERVE	NA	N/A	2006	N/A	32773	N/A	$424,046
HOLT + HAMILTON FAMILY APARTMENTS	New construction	N/A	2016	N/A	91768	N/A	$1,557,010
INTERVALE GARDENS LLC	New construction	N/A	2008	N/A	10459	N/A	$659,087
HOMES OF RENAISSANCE PRESERVE II	New construction	N/A	2012	N/A	33905	N/A	$1,510,000
JEFFERSON BOULEVARD & FIFTH AVENUE APTS	New construction	N/A	2013	N/A	90018	N/A	$674,261
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