Loading Content...
Affordable Housing Analysis in Zip Code 43545: Napoleon, Ohio's LIHTC Developments
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The zip code 43545, encompassing Napoleon, Ohio, has a population of 14,368 as of 2022 and covers 135.57 square miles. This area features Low-Income Housing Tax Credit (LIHTC) funded affordable housing, totaling 121 units, all designated as low-income. These units constitute approximately 2.2% of the estimated 5,505 housing units in the zip code.
LIHTC projects in zip code 43545 have received $1,081,428 in project tax credits, averaging $8,937 per unit in federal funding. This represents 0.25% of Ohio's total LIHTC allocation, indicating a modest investment in local affordable housing. Affordable housing has been present in this zip code for over two decades, with the first LIHTC project completed in 1999 and the most recent in 2020. The 2010s saw the highest activity in affordable housing development.
The LIHTC funded units in zip code 43545 include 37 one-bedroom, 18 two-bedroom, and 12 three-bedroom units, accommodating various household sizes. Over the past decade, the population has remained stable, fluctuating between 13,693 and 14,372 residents. The median income has varied from $56,512 to $63,139 in recent years, potentially indicating an ongoing need for affordable housing options.
Racial demographics in zip code 43545 have been relatively consistent, with the white population comprising around 87-88% in recent years. There has been a slight increase in diversity, with the Hispanic population growing from 6% to 8-10% over the past decade. This gradual demographic shift may influence future affordable housing needs and development strategies.
Zip code 43545 demonstrates a consistent commitment to affordable housing through LIHTC funded projects. These units, while representing a small percentage of the overall housing stock, provide crucial low-income housing options. The area has seen steady development of affordable housing over the past two decades, with a mix of unit sizes to accommodate diverse household needs. As the community continues to evolve, ongoing assessment of affordable housing needs will be essential to ensure adequate support for low-income residents in zip code 43545.
