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Affordable Housing in Alliance, Ohio: Three Decades of LIHTC Impact
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Alliance, Ohio, a city with an industrial background, has 177 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units, of which 159 are designated as low-income. These units constitute approximately 1.76% of the city's estimated 10,031 housing units as of 2022.
Alliance has received $1,388,235 in project tax credits through the LIHTC program, distributed across approximately 12 projects. This equates to an average of $115,686 in federal funding per project and about $7,843 per unit. The city's share of Ohio's total LIHTC funding is 0.33%, indicating a modest portion of the state's affordable housing resources.
The development of LIHTC funded housing in Alliance spans over three decades, beginning with the Walnut project in 1989 and continuing to the most recent addition, Nantucket Circle Apartments, in 2019. This 30-year period demonstrates a sustained effort in affordable housing development. The 1990s were particularly active, with six projects completed during this decade, including Forest Project (1990), Grant Street Project (1991), and Williams Place (1993).
Alliance's LIHTC inventory offers a range of unit types: 7 efficiencies, 26 one-bedroom units, 78 two-bedroom units, 14 three-bedroom units, and 39 four-bedroom units. This variety accommodates different household sizes and needs within the low-income population.
Alliance's population has decreased slightly from 26,778 in 2013 to 26,180 in 2022. Despite this decline, the median income has increased from $36,893 in 2013 to $44,414 in 2022, suggesting an overall improvement in economic conditions. The racial composition of Alliance has remained relatively stable, with a predominantly white population (87% in 2022). The Black population has decreased slightly from 9% in 2013 to 8% in 2022, while the percentage of residents identifying as two or more races has increased from 2% to 4% during the same period.
The completion of Nantucket Circle Apartments in 2019 indicates an ongoing need for affordable housing in the community, despite the slight population decline. This need may be attributed to factors such as changing household compositions or persistent economic challenges faced by certain segments of the population.
Alliance's LIHTC funded affordable housing inventory, while modest compared to the overall housing stock, represents a consistent effort to address low-income housing needs over the past three decades. The 177 LIHTC units, with their diverse mix of unit types, cater to various household sizes within the low-income population. Despite a slight population decline, the continued investment in affordable housing, as evidenced by the 2019 project, indicates an ongoing commitment to meeting the housing needs of Alliance's lower-income residents. The gradual increase in median income over the past decade, coupled with relatively stable racial demographics, provides context for the city's evolving affordable housing landscape.
