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Affordable Housing Analysis: LIHTC Funding in Zip Code 45311, Camden, 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 45311, which includes Camden in Ohio, has a unique Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The area contains 14 affordable units, all of which are designated as low-income units. Based on the estimated 2,501 housing units in the zip code, LIHTC funded affordable housing comprises approximately 0.56% of the total housing inventory.
The LIHTC program has invested $61,800 in tax credits for affordable housing projects in zip code 45311. This investment translates to an average federal funding of $4,414 per unit. This allocation represents 0.01% of Ohio's total LIHTC funding, indicating a relatively small but targeted investment for this area.
The Camden Commons project, completed in 1998, marks the inception of LIHTC-funded affordable housing in zip code 45311. This project has provided affordable housing options for over two decades, demonstrating a long-term commitment to addressing housing needs in the area.
The affordable housing inventory in zip code 45311 consists of a mix of unit types. There are 6 one-bedroom units, 6 two-bedroom units, and 2 three-bedroom units. This distribution suggests an effort to accommodate different household sizes and needs within the affordable housing framework.
Over the past decade, the population in zip code 45311 has remained relatively stable, with a slight increase from 6,223 in 2015 to 6,527 in 2022. During this period, the median income has shown an upward trend, rising from $56,714 in 2015 to $69,693 in 2022. This increase in median income may reflect changing economic conditions in the area.
The racial composition of zip code 45311 has remained predominantly white, consistently above 96% throughout the last decade. There has been a slight increase in diversity, with the percentage of residents identifying as two or more races increasing from 0% in 2015 to 2% in 2022.
Zip code 45311 has a modest LIHTC-funded affordable housing inventory, representing a small but significant portion of its housing stock. The single project, Camden Commons, has provided affordable housing options since 1998. The stable population, increasing median income, and slight diversification in racial composition over the past decade provide context for understanding the housing needs in this community. These demographic trends, combined with the long-standing presence of LIHTC-funded housing, suggest a consistent approach to addressing affordable housing needs in zip code 45311.
