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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 44654 in Berlin, Ohio, contains Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The LIHTC inventory in this zip code comprises 72 total affordable units, all designated as low-income units. Based on the 2022 population of 21,048 and the national average household size of 2.61, the estimated number of housing units in the zip code is approximately 8,064. LIHTC funded affordable housing represents about 0.89% of the estimated housing inventory in this area.
The LIHTC projects in zip code 44654 have received $69,160 in tax credits, averaging approximately $961 per unit. This zip code accounts for 0.02% of the total state LIHTC funding, indicating a relatively small portion of Ohio's overall affordable housing investment.
Affordable housing has been present in this zip code since at least 1992, with the completion of Millersburg Sunshine Villa. The most recent project, Glenwood Apts Phases I & II, was completed in 2008, spanning a 16-year period of LIHTC development in the area. The 2000s saw the most significant affordable housing development, with Glenwood Apts Phases I & II contributing 68 units to the inventory.
The LIHTC funded housing in zip code 44654 offers a diverse range of unit types. Of the 72 total units, there are 16 one-bedroom units, 4 two-bedroom units, 8 three-bedroom units, and 4 four-bedroom units. This distribution suggests a focus on accommodating various household sizes, from individuals to larger families.
Over the past decade, zip code 44654 has experienced steady population growth, increasing from 20,071 in 2015 to 21,048 in 2022. Median income has also risen significantly, from $53,167 in 2015 to $67,761 in 2022, indicating improving economic conditions. The racial composition has remained relatively stable, with the white population consistently representing about 97-98% of the total. These demographic trends suggest a growing, predominantly white community with rising incomes.
Despite the economic growth, no new LIHTC projects have been completed since 2008. This could be due to the rising median income potentially reducing the perceived need for additional affordable housing in the area. However, it is important to note that other affordable housing programs may be addressing any remaining needs not met by LIHTC projects.
Zip code 44654 in Berlin, Ohio, has a small but established LIHTC funded affordable housing inventory, covering less than 1% of the estimated housing units. The area has seen two LIHTC projects completed between 1992 and 2008, providing 72 low-income units with various bedroom configurations. While the community has experienced population growth and rising incomes over the past decade, no new LIHTC projects have been developed recently. This analysis provides insight into the affordable housing landscape of this zip code, though it is important to consider that other affordable housing initiatives may also be contributing to meeting the area's needs.