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Affordable Housing Analysis in Zip Code 44212: Brunswick's LIHTC Inventory
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Brunswick's zip code 44212 in Ohio possesses a distinct Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The area contains a total of 197 units in LIHTC funded projects, with 152 of these designated as low-income units. Based on the 2022 population of 45,017 and an estimated 17,248 housing units, the LIHTC funded affordable housing comprises approximately 1.14% of the zip code's estimated housing inventory.
The LIHTC projects in this zip code have received $1,472,354 in project tax credits, averaging about $7,474 per unit. This funding represents 0.35% of Ohio's total LIHTC allocations, indicating a relatively small but significant investment in affordable housing for this area.
Affordable housing has been present in this zip code for nearly three decades. The first LIHTC project, Southwick Apts, was completed in 1993, and the most recent, Southwick Place Townhomes, was finished in 2019. The 1990s saw the completion of two projects, while the 2010s witnessed another two, suggesting a consistent, though modest, development of affordable housing over time.
The LIHTC funded projects in this zip code offer a mix of unit types, with 31 one-bedroom, 115 two-bedroom, and 46 three-bedroom units. This distribution suggests a focus on accommodating small to medium-sized families.
Over the past decade, zip code 44212 has experienced steady population growth, increasing from 43,337 in 2013 to 45,017 in 2022. Median income has also risen, from $70,125 in 2013 to $77,413 in 2022, indicating overall economic improvement.
The racial composition has remained relatively stable, with a slight decrease in the white population from 94% in 2013 to 90% in 2022, and small increases in other racial groups. The Hispanic population grew from 2% to 4% during this period.
The completion of two LIHTC projects in the 2010s (Southwick Manor in 2015 and Southwick Place Townhomes in 2019) aligns with the area's population growth and increasing income levels, suggesting a recognition of the need for affordable housing options even as the overall economic situation improved.
Zip code 44212 in Brunswick, Ohio, has maintained a steady, if modest, development of LIHTC funded affordable housing over nearly three decades. While these projects cover only a small percentage of the estimated housing inventory, they provide important low-income housing options in an area experiencing population growth and rising median incomes. The mix of unit types suggests an effort to accommodate diverse household sizes within the low-income population. The consistent development of LIHTC projects over time, including recent additions, indicates an ongoing commitment to maintaining affordable housing options in this growing community.
