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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Whitehouse, Ohio, has experienced a period of steady population growth over the past decade. The village contains 87 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units, all of which are designated as low-income units. These units represent approximately 2.5% of the total housing stock in Whitehouse, based on an estimated housing inventory of 3,486 units.
Whitehouse has received $997,188 in LIHTC funding for affordable housing projects. This funding has been allocated to approximately two projects, resulting in an average federal funding of $498,594 per project and $11,462 per unit. The village's share of the total state LIHTC funding is 0.23%, indicating a relatively small portion of Ohio's overall affordable housing investment.
The development of LIHTC-funded affordable housing in Whitehouse occurred between 2011 and 2016, representing a 5-year period of affordable housing development. The first project, Whitehouse Square Senior Village, was completed in 2011, while the most recent project, Whitehouse Square Townhomes, was finished in 2016. The 2010s saw the most significant affordable housing activity in the village.
The affordable housing inventory in Whitehouse consists of 87 units, including 32 two-bedroom units. The distribution of other unit types is not specified in the available data.
Over the last decade, Whitehouse has experienced significant population growth, increasing from 7,342 in 2010 to 9,098 in 2022. This represents a 23.9% increase in population. The median income has also risen substantially, from $92,497 in 2013 to $100,080 in 2022, indicating overall economic growth in the community.
The racial composition of Whitehouse has remained predominantly white, with a slight decrease from 95% in 2019 to 91% in 2022. There has been a small increase in diversity, with the Hispanic population growing from 3% in 2019 to 6% in 2022, and the Black population increasing from 1% to 2% in the same period.
The development of LIHTC projects in 2011 and 2016 aligns with the period of population growth and rising median incomes. This suggests that the affordable housing projects were implemented to address the growing housing needs of the community, particularly for low-income residents who might have been priced out of the rising housing market.
Whitehouse, Ohio, has a modest LIHTC-funded affordable housing inventory, comprising 2.5% of its estimated total housing stock. The village received nearly $1 million in LIHTC funding, which was used to develop two projects over a 5-year period. While the affordable housing stock is relatively small compared to the overall housing inventory, it has been developed during a time of significant population growth and rising median incomes. The community has also seen a slight increase in racial diversity in recent years. These demographic trends suggest an ongoing need for affordable housing options in Whitehouse to ensure housing accessibility for all residents.