# 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  |
| ...                                      | ...                                  | ...  | ...  | ...  | ...   | ... | ...       |