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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The zip code 43756, located in McConnelsville, Ohio, contains a modest Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. This area has 48 total affordable units, all of which are designated as low-income units. Based on the estimated 2,004 housing units in the zip code, the LIHTC funded affordable housing comprises approximately 2.4% of the total housing inventory.
The LIHTC program has funded two projects in this zip code: Clover Ridge and Pheasant Ridge. Clover Ridge, completed in 2009, was the first LIHTC project in the area, followed by Pheasant Ridge in 2011. This indicates that affordable housing has been present in the zip code for over a decade.
The 2010s saw the most affordable housing development activity in this zip code. Both projects were completed during this decade, contributing equally to the affordable housing stock with 24 units each.
The unit distribution in these LIHTC projects is diverse. Of the 48 total units, there are 14 one-bedroom units, 26 two-bedroom units, and 8 three-bedroom units. This mix suggests an effort to accommodate various household sizes and needs within the community.
Over the past decade, the zip code has experienced some demographic shifts. The population has shown a slight decline, decreasing from 5,757 in 2015 to 5,231 in 2022. Despite this population decrease, the median income has seen a modest increase from $39,750 in 2015 to $41,699 in 2022.
The racial composition of the zip code has remained predominantly white, with a slight decrease from 95% in 2015 to 90% in 2022. There has been a small increase in diversity, with slight growth in the Black, Hispanic, and multi-racial populations.
The completion of both LIHTC projects in the early 2010s aligns with a period of relative population stability and the beginning of a gradual increase in median income. This suggests that the affordable housing developments were implemented during a time of potential economic growth in the community.
The zip code 43756 has a small but significant LIHTC funded affordable housing presence, with 48 units spread across two projects completed in the early 2010s. While these units represent a small percentage of the estimated housing inventory, they provide important low-income housing options in the area. The diverse unit mix indicates an effort to meet various household needs. Despite a slight population decline over the past decade, the area has seen modest income growth, suggesting ongoing need for affordable housing options. The LIHTC projects in this zip code contribute to maintaining housing affordability in a changing demographic landscape.