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Affordable Housing Dominates Wesleyan Hill: LIHTC Impact in Dayton Neighborhood
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Wesleyan Hill, a neighborhood in Dayton, Ohio, exhibits a significant concentration of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The area contains 648 units in LIHTC-funded projects, with 333 designated as low-income units. Based on the 2022 population of 2,121 and the national average household size of 2.61, the estimated housing inventory for the neighborhood is approximately 813 units. LIHTC-funded affordable housing comprises about 79.7% of the estimated housing inventory, indicating its substantial contribution to the neighborhood's housing stock.
The LIHTC program has allocated $1,112,085 in tax credits for affordable housing projects in Wesleyan Hill. This amounts to an average of $1,716 in federal funding per unit when divided by the total number of units (648). The neighborhood has featured LIHTC-funded affordable housing since at least 1992, with the completion of Burndale Gardens. The most recent project, Country Woods Apartments, was completed in 1999, suggesting a seven-year span of LIHTC development activity in the area.
The 1990s witnessed the most affordable housing development in Wesleyan Hill, with both known projects completed during this decade. Burndale Gardens, completed in 1992, contributes 298 low-income units to the neighborhood's affordable housing stock. Country Woods Apartments, finished in 1999, adds 350 total units, with 35 designated as low-income. Regarding unit types, the available data shows that Country Woods Apartments offers a mix of one-bedroom and two-bedroom units, with 53 one-bedroom and 297 two-bedroom apartments. This distribution suggests a focus on accommodating small families and individuals in the neighborhood's affordable housing options.
Over the past decade, Wesleyan Hill has experienced demographic shifts. The population has fluctuated, with a notable increase from 1,838 in 2020 to 2,121 in 2022. Median income has also seen significant changes, rising from $21,754 in 2018 to $30,520 in 2022, with a peak of $40,265 in 2021. This upward trend in income could potentially impact the need for affordable housing in the area.
The racial composition of Wesleyan Hill has remained relatively stable, with a predominant African American population. The percentage of Black residents has slightly decreased from 89% in 2020 to 85% in 2022, while the White population has increased from 6% to 9% during the same period. The neighborhood has also seen a small increase in Hispanic residents, from 0% in 2020 to 2% in 2022.
Wesleyan Hill demonstrates a significant presence of LIHTC-funded affordable housing, covering a large portion of the estimated housing inventory. The neighborhood saw LIHTC development activity primarily in the 1990s, resulting in a mix of unit types that cater to various household sizes. While there has not been recent LIHTC development, the neighborhood has experienced population growth and income increases in recent years, along with slight shifts in racial composition. These demographic changes may influence future affordable housing needs and development in the area.
