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Affordable Housing Analysis in Zip Code 43571: LIHTC Funded Units in Whitehouse, Ohio
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 43571, located in Whitehouse, Ohio, contains 87 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. These units, all designated as low-income, represent approximately 3.22% of the estimated 2,700 housing units in the zip code, based on the 2022 population. This percentage indicates a modest but significant presence of affordable housing in the area.
The LIHTC program has invested $997,188 in project tax credits in this zip code, averaging $11,461 per unit in federal funding. Zip code 43571 accounts for 0.23% of Ohio's total LIHTC funding, demonstrating its contribution to the state's affordable housing initiatives.
Affordable housing development in this community spans over a decade. The first LIHTC project, Whitehouse Square Senior Village, was completed in 2011, followed by Whitehouse Square Townhomes in 2016. This five-year period represents the primary phase of affordable housing development in the area, with the 2010s being the most active decade for LIHTC projects in this zip code.
The inventory includes a mix of unit types, with 32 confirmed two-bedroom units, suggesting a focus on accommodating small families or couples within the affordable housing stock.
Zip code 43571 has experienced population growth over the past decade, increasing from 6,184 in 2010 to 7,047 in 2022. The median income has generally trended upward, reaching $84,167 in 2022. The racial composition has remained predominantly white, though there has been a slight increase in diversity, with the Hispanic population growing from 2% in 2013 to 7% in 2022.
The timing of LIHTC projects (2011 and 2016) aligns with periods of population growth and rising median incomes, suggesting a proactive approach to maintaining affordable housing options in a developing area.
Zip code 43571 has a modest but significant LIHTC-funded affordable housing presence, covering about 3.22% of the estimated housing stock. The area has seen two LIHTC projects completed in the 2010s, contributing to the community's housing diversity during a period of population growth and economic change. While the percentage of affordable housing is below typical target levels for balanced communities, it represents an important foundation for addressing low-income housing needs in the area.
