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Affordable Housing in Camden: LIHTC's Impact on a Small Ohio Community
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Camden, Ohio, is a small community with a commitment to providing affordable housing options for its residents. The city has one Low-Income Housing Tax Credit (LIHTC) funded project, Camden Commons, which contributes 14 affordable units to the local housing inventory. All 14 units in this project are designated as low-income units.
Based on the estimated housing inventory of approximately 1,570 units, the LIHTC-funded affordable housing covers about 0.89% of the city's housing stock. The Camden Commons project received $61,800 in tax credits from the LIHTC program. This translates to an average federal funding of $4,414 per unit. Camden holds 0.01% of the total state LIHTC funding.
Camden Commons was completed in 1998, marking over two decades of LIHTC-supported affordable housing presence in the city. The project offers a mix of unit sizes, including six one-bedroom units, six two-bedroom units, and two three-bedroom units. This range of options accommodates various household sizes and needs within the community.
Analyzing demographic trends over the past decade, Camden has experienced some fluctuations in population. The population decreased from 4,331 in 2010 to 4,098 in 2022, representing a decline. The median income has increased from $53,386 in 2013 to $63,993 in 2022. This rise in median income could potentially impact the demand for affordable housing in the community.
Racial distribution data shows that Camden has maintained a predominantly white population, with percentages consistently above 95% throughout the available data years. The most recent data from 2022 indicates a 98% white population, with a small Hispanic presence of 1%.
In summary, Camden's LIHTC-funded affordable housing plays a role in providing housing options for low-income residents. The Camden Commons project offers a mix of unit sizes to accommodate different household needs. The percentage of LIHTC-funded units is relatively small compared to the estimated housing inventory. The city's demographic trends, including a population decrease and increasing median income, may influence future affordable housing needs and strategies in Camden.
