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Affordable Housing Analysis in Zip Code 45102: LIHTC-Funded Projects in Amelia, Ohio
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 45102, located in Amelia, Ohio, exhibits a notable presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The area contains 197 total units in LIHTC-funded projects, with 75 units specifically designated as low-income. Based on the 2022 population of 22,605 and using the national average household size of 2.61, an estimated 8,661 housing units exist in this zip code. LIHTC-funded affordable housing comprises approximately 2.3% of the estimated housing inventory.
The LIHTC projects in zip code 45102 have received $556,872 in tax credits, averaging about $2,827 per unit across all LIHTC-funded projects. This zip code accounts for 0.13% of Ohio's total LIHTC funding, indicating a modest but significant contribution to the state's affordable housing efforts. Affordable housing has been present in this zip code since at least 2001, with the completion of Mallard Glen Apartments. The most recent project, Thomaston Woods, was completed in 2015, demonstrating a span of at least 14 years of affordable housing development in the area.
The 2010s saw the most recent affordable housing development, with Thomaston Woods being completed in 2015. This project added 100 units to the affordable housing inventory, including 74 two-bedroom and 26 three-bedroom units. In total, the LIHTC-funded projects in this zip code offer a mix of unit types, with 82 two-bedroom and 42 three-bedroom units. This distribution suggests a focus on accommodating families and larger households.
Over the past decade, the population in zip code 45102 has grown from 20,510 in 2013 to 22,605 in 2022, an increase of about 10%. During this period, the median income has also risen from $66,406 in 2013 to $71,338 in 2022, representing a growth of approximately 7.4%. The racial composition of the zip code has remained relatively stable, with a slight decrease in the white population from 94% in 2013 to 93% in 2022. There has been a small increase in diversity, with the Hispanic population growing from 1% to 2%, and those identifying as two or more races increasing from 1% to 3%. The completion of Thomaston Woods in 2015 aligns with the period of population growth and increasing median income, suggesting a response to growing housing needs in the area.
Zip code 45102 has a modest but significant LIHTC-funded affordable housing presence, covering about 2.3% of the estimated housing inventory. The area has seen continuous development of affordable housing over at least 14 years, with the most recent project completed in 2015. The housing mix favors two and three-bedroom units, potentially catering to families. The population and median income have grown over the past decade, while the racial composition has remained relatively stable with a slight increase in diversity. These demographic trends correlate with the development of affordable housing in the area, suggesting an ongoing need for such housing options.
