The LIHTC-funded housing stock in this zip code offers a diverse range of unit types. Out of the 681 total units, there are 80 one-bedroom, 444 two-bedroom, 126 three-bedroom, and 4 four-bedroom units. This distribution suggests a focus on accommodating families of various sizes, with a particular emphasis on two-bedroom units.

Over the past decade, the zip code has experienced a slight population decline, from 63,498 in 2014 to 62,303 in 2022. During this period, the median income increased from $47,564 in 2014 to $48,750 in 2022, showing a modest improvement in economic conditions.

Racial demographics have remained relatively stable, with a slight decrease in the white population from 78% in 2014 to 72% in 2022. The Black population has remained consistent at around 12-13%, while the Hispanic population has grown from 5% to 9% during this period. The percentage of residents identifying as two or more races has also increased from 4% to 6%.

The continued development of LIHTC projects throughout this period, despite the slight population decline, suggests an ongoing need for affordable housing in the area. The modest increase in median income and the growing diversity of the population may have influenced the types of affordable housing projects developed.

Zip code 44035 in Elyria, Ohio, has a significant LIHTC-funded affordable housing presence, with 681 units representing about 2.85% of the estimated housing inventory. The area has received substantial federal funding for these projects, accounting for nearly 1% of Ohio's total LIHTC allocations. The affordable housing stock is diverse, catering to various household sizes, with a focus on two-bedroom units. Over the past decade, the area has experienced slight demographic shifts, including a modest increase in median income and growing racial diversity, which may have influenced the continued development of affordable housing projects.