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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 44903 in Mansfield, Ohio contains a diverse Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The area encompasses 158 total units in LIHTC funded projects, with 106 designated as low-income units. Based on the 2022 population of 29,171 and an estimated 11,177 housing units, LIHTC funded affordable housing comprises approximately 1.41% of the zip code's estimated housing inventory.
The LIHTC projects in this zip code have received $1,952,677 in project tax credits, averaging about $12,359 in federal funding per unit. This zip code holds 0.46% of Ohio's total LIHTC funding, indicating a modest contribution to the state's affordable housing efforts.
Affordable housing has been present in this zip code for at least 15 years. The first recorded LIHTC project, Blymer Apts, was completed in 1992, and the most recent, Mansfield Homes V, in 2007. The early 2000s witnessed the most affordable housing activity, with multiple projects completed between 2003 and 2007, including Mansfield Homes II, III, IV, V, and VI.
The LIHTC funded projects in this zip code offer a variety of unit sizes, including 34 two-bedroom units, 20 three-bedroom units, and 39 four-bedroom units, catering to different family sizes and needs.
Over the past decade, zip code 44903 has experienced some demographic shifts. The population decreased from 29,099 in 2013 to 29,171 in 2022, with fluctuations in between. Median income increased from $48,055 in 2013 to $54,843 in 2022, potentially indicating improved economic conditions for some residents.
Racial distribution has remained relatively stable, with a slight decrease in the Black population (from 12% to 9%) and a small increase in those identifying as two or more races (from 2% to 6%). The white population has consistently comprised around 81-82% of the total.
Despite these demographic changes, no new LIHTC projects have been recorded in the last decade. This could be due to various factors, including changes in local housing policies, shifts in funding priorities, or potentially a reduced need for new affordable housing units in the area.
Zip code 44903 in Mansfield, Ohio has an established LIHTC funded affordable housing inventory, with projects dating back to 1992. While the LIHTC funded units represent a small portion of the total estimated housing inventory, they provide important affordable options for low-income residents. The area saw significant affordable housing development in the early 2000s, but no new LIHTC projects have been recorded in the past decade. This, coupled with the observed demographic trends, suggests a potentially evolving affordable housing landscape in the zip code.