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Affordable Housing in Campbell, Ohio: LIHTC Impact on a Post-Industrial City
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Campbell, Ohio, has a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The city's LIHTC inventory comprises 182 total units, with 155 designated as low-income units. Based on the 2022 population of 7,819 and an estimated housing inventory of 2,996 units, LIHTC-funded affordable housing represents approximately 6.1% of the city's estimated housing stock.
Campbell has received $965,987 in project tax credits through the LIHTC program. With four approximate projects, this equates to an average of $241,497 in federal funding per project. The average federal funding per unit is $5,307. The city holds 0.23% of Ohio's total LIHTC funding, indicating a small but notable contribution to the state's affordable housing efforts.
The LIHTC-funded affordable housing in Campbell spans from 1998 to 2001, representing a four-year period of development. Notable projects include Campbell Commons, completed in 1998, and Campbell Communities, finished in 2001. The late 1990s and early 2000s were the most active period for affordable housing development in the city.
The housing unit distribution shows a focus on family-sized accommodations, with 114 two-bedroom units, 33 three-bedroom units, and 17 four-bedroom units. This indicates a priority on housing for families and larger households.
Over the past decade, Campbell has experienced a gradual population decline, decreasing from 8,099 in 2015 to 7,819 in 2022. Despite this decline, the median income has shown an overall upward trend, rising from $29,357 in 2015 to $32,491 in 2022.
The racial composition of Campbell has undergone significant changes. The white population has decreased from 59% in 2015 to 49% in 2022, while the Hispanic population has increased from 15% to 27% during the same period. The Black population has remained relatively stable, fluctuating between 20-22% over the decade.
These demographic shifts, particularly the increase in Hispanic population and the overall decline in population, may influence future affordable housing needs and strategies in Campbell.
Campbell's LIHTC-funded affordable housing inventory, while modest in size, plays a crucial role in providing low-income housing options. The city's four LIHTC projects, developed between 1998 and 2001, offer 182 units, with a focus on family-sized accommodations. Despite a declining population, the city has seen an increase in median income and significant shifts in racial composition over the past decade. These demographic changes may inform future affordable housing initiatives in Campbell.
