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Affordable Housing Dynamics in King-Lincoln-Bronzeville: LIHTC's Impact on Neighborhood Evolution
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
King-Lincoln-Bronzeville, a neighborhood in Columbus, Ohio, demonstrates a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The area contains 466 total units in LIHTC funded projects, with 330 designated as low-income units. Based on the 2022 population of 3,189 and an estimated housing inventory of 1,222 units, LIHTC funded affordable housing comprises approximately 38% of the neighborhood's estimated housing stock. This indicates a substantial contribution to affordable housing in the area.
The LIHTC program has invested $3,365,847 in tax credits for affordable housing projects in King-Lincoln-Bronzeville. This equates to an average federal funding of approximately $7,222 per unit across all LIHTC funded projects in the neighborhood. The development of affordable housing in the area spans 30 years, with the first LIHTC project, Long Apts, completed in 1989, and the most recent, Poindexter Phase III, finished in 2019. The 1990s experienced the most activity, with three projects completed during this decade.
LIHTC funded housing in King-Lincoln-Bronzeville offers various unit types, predominantly consisting of two-bedroom units (278), followed by three-bedroom units (87), one-bedroom units (68), and a small number of four-bedroom units (4). This distribution suggests accommodation for families of different sizes.
King-Lincoln-Bronzeville has undergone demographic shifts over the past decade. The population increased from 2,703 in 2014 to 3,189 in 2022, indicating growing housing demand. Median income rose significantly from $30,655 in 2014 to $48,498 in 2022, potentially affecting affordable housing needs. Racial demographics also changed, with the Black population decreasing from 62% in 2014 to 44% in 2022, while the White population increased from 27% to 45% during the same period. These demographic changes coincide with the completion of newer LIHTC projects, such as Columbus Scholar House in 2016 and Poindexter Phase III in 2019.
King-Lincoln-Bronzeville maintains a substantial LIHTC funded affordable housing presence, with these units comprising a significant portion of the neighborhood's estimated housing stock. The area has experienced consistent development of affordable housing over three decades, offering a mix of unit types to accommodate diverse household sizes. Recent demographic shifts, including population growth, increasing median income, and changes in racial composition, align with the completion of newer LIHTC projects. These trends indicate an evolving neighborhood landscape where affordable housing continues to play a crucial role.
