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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 45439 in Moraine, Ohio, contains a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The area encompasses 337 total units in LIHTC-funded projects, with 292 designated as low-income units. Based on the estimated 4,415 housing units in the zip code, LIHTC-funded affordable housing comprises approximately 7.6% of the area's housing inventory.
The LIHTC projects in zip code 45439 have received $939,620 in tax credits, averaging about $2,788 per unit. This funding represents 0.22% of Ohio's total LIHTC allocation, indicating a substantial investment in affordable housing for this area.
Affordable housing has been present in zip code 45439 for over two decades. The first LIHTC project, Cobblegate Square Apartments, was completed in 1996, and the most recent, Valley View Village, was finished in 2003. The early 2000s saw the most affordable housing development, with two projects completed during this period: Creekside Villas in 2000 and Valley View Village in 2003.
The LIHTC-funded projects in zip code 45439 offer a diverse range of unit types. Out of the 337 total units, there are 4 one-bedroom units, 274 two-bedroom units, 57 three-bedroom units, and 2 four-bedroom units. This distribution suggests a focus on accommodating families and larger households.
Over the past decade, zip code 45439 has experienced fluctuations in population, with a general upward trend from 10,754 in 2015 to 11,522 in 2022. Median income has also increased steadily, rising from $44,598 in 2015 to $53,639 in 2022. This income growth might indicate a reduced need for additional affordable housing in recent years.
Racial demographics in zip code 45439 have remained relatively stable. The white population decreased slightly from 81% in 2015 to 78% in 2022, and the Hispanic population increased from 1% to 7% during the same period. The black population decreased slightly from 14% to 10%, while other racial groups have remained relatively constant.
Zip code 45439 has a significant LIHTC-funded affordable housing presence, covering 7.6% of the estimated housing inventory. The area received nearly $1 million in tax credits, representing 0.22% of Ohio's total LIHTC allocation. Affordable housing development peaked in the early 2000s, with a focus on two and three-bedroom units. Despite no new LIHTC projects in the last decade, the area has seen population growth and increasing median incomes, which may have influenced the lack of recent affordable housing development. The racial demographics have remained relatively stable, with a slight increase in diversity.