Loading Content...
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 45036 in Lebanon, Ohio, contains 158 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. These units represent 0.96% of the estimated 16,446 housing units in the zip code, based on the 2022 population of 42,923. The LIHTC projects in this zip code have received $920,191 in project tax credits, averaging approximately $5,824 per unit. This allocation constitutes 0.22% of the total state LIHTC funding.
Affordable housing development in this zip code spans from 1994 to 2004, with the completion of Hunters Run II and Lebanon Commons Apts, respectively. The 1990s saw the highest activity, with three out of four projects completed during this period. The available data indicates a total of 106 units with specific bedroom information: 2 two-bedroom units and 104 three-bedroom units, suggesting a focus on family-sized affordable housing options.
Population in zip code 45036 increased from 39,090 in 2014 to 42,923 in 2022. The median income rose from $73,633 in 2014 to $78,560 in 2022, indicating overall economic improvement. Racial demographics show a slight increase in diversity, with the white population decreasing from 86% in 2014 to 84% in 2022, the Asian population increasing from 1% to 4%, and the Black population remaining stable around 8-9%.
Despite demographic changes and population growth, no new LIHTC projects have been completed in zip code 45036 over the last decade. This lack of new development may be attributed to the area's rising median income, potentially reducing the perceived need for additional affordable housing during this period.
In summary, zip code 45036 in Lebanon, Ohio, maintains a small but significant LIHTC-funded affordable housing presence, covering nearly 1% of the estimated housing inventory. The area received modest state funding for these projects, which were primarily developed in the 1990s. The available units focus on family-sized housing, with a majority being three-bedroom units. While the area has experienced population growth and increased median income over the past decade, the absence of new LIHTC projects during this time may reflect changing economic conditions in the zip code.