# Cortland County

### Summary

32.7% share of renter households  
43.2% share of low-income households  
40.1% share of rent-burdened households

### Renter population data

#### Renters vs homeowners

| Households          | % share | 
|---------------------|---------| 
| Renter households    | 5,964   | 32.7%  
| Homeowner households  | 12,296  | 67.3%  
| Total households      | 18,260  | 100.0% |

#### Low-income renter households

| Type of Income              | Households | % share | 
|-----------------------------|------------|---------| 
| Extremely low-income (≤30% AMI) | 1,012      | 17.0%  
| Very low-income (31-50% AMI)    | 456        | 7.6%   
| Low-income (51-80% AMI)         | 1,108      | 18.6%  
| All low-income households (<80% AMI) | 2,576  | 43.2%  |

#### Rent-burdened households

| Type                             | Households | % share | 
|----------------------------------|------------|---------| 
| Moderately rent-burdened         | 1,153      | 19.3%  
| Spending 30.0–34.9% of income    | 369        | 6.2%   
| Spending 35.0–39.9% of income    | 330        | 5.5%   
| Spending 40.0-49.9% of income     | 454        | 7.6%   
| Severely rent-burdened           | 1,239      | 20.8%  
| Spending ≥50.0% of income         | 1,239      | 20.8%  
| All rent-burdened households      | 2,392      | 40.1%  |

### Affordable housing shortage

#### Rent vs median household income

| Median household income | Amount ($) | 
|--------------------------|------------| 
| in 2010                  | 25,970     | 
| in 2021                  | 38,460     | 
| Increase (2010–2021)     | 48.1%      |

| Median rent              | Amount ($) | 
|--------------------------|------------| 
| in 2010                  | 470        | 
| in 2021                  | 708        | 
| Increase (2010–2021)     | 50.6%      |

#### Affordable housing stock

| Units                       | Count      | 
|-----------------------------|------------| 
| Supply (current stock)      | 75,265     | 
| Demand (total units needed) | 1,433      | 
| Shortage                    | -63,006    | 
| Total shortage               | 5252.3%     |

### HUD National Low Income Housing Tax Credit (LIHTC) Database

| Name                          | Type                            | Year | Location | Number of units | Income ceiling | LIHTC allocation () | 
|--------------------------------|----------------------------------|------|----------|------------------|----------------|--------------------------| 
| HIGHBRIDGE OVERLOOK           | New construction                 | 2014 | 10452    | N/A              | 1              | $1,804,887               | 
| IRVINGTON FAMILY APTS         | New construction                 | 2007 | 94538    | N/A              | 1              | $1,378,252               | 
| HILLTOP VILLAGE               | New construction - Acquisition and Rehab | 2012 | 32208 | N/A | 0 | $504,385 | 
| HUNTINGTON RESERVE             | NA                               | 2006 | 32773    | N/A              | 0              | $424,046                 | 
| HOLT + HAMILTON FAMILY APARTMENTS | New construction                 | 2016 | 91768    | N/A              | 1              | $1,557,010               | 
| INTERVALE GARDENS LLC         | New construction                 | 2008 | 10459    | N/A              | 1              | $659,087                 | 
| HOMES OF RENAISSANCE PRESERVE II | New construction                 | 2012 | 33905    | N/A              | 0              | $1,510,000               | 
| JEFFERSON BOULEVARD & FIFTH AVENUE APTS | New construction | 2013 | 90018 | N/A | 1 | $674,261 | 
| IMPERIAL GARDENS FAMILY APTS   | New construction                 | 2009 | 92243    | N/A              | 1              | $1,142,750               | 
| HOLLY HEIGHTS I + II APARTMENTS | Acquisition and Rehab           | 2016 | 95490    | N/A              | 1              | $435,816                 | 
| ...                            | ...                              | ...  | ...      | ...              | ...            | ...                      |

*This content is part of Builders Patch's ongoing efforts to provide data and resources for affordable housing solutions.*