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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The zip code 43215 in Columbus, Ohio, which includes part of the downtown area, has a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. This area contains 727 total units in LIHTC-funded projects, with 621 of these designated as low-income units. Based on the 2022 population of 18,164 and an estimated 6,959 housing units, the LIHTC-funded affordable housing represents approximately 10.4% of the zip code's estimated housing inventory.
The LIHTC projects in zip code 43215 have received $6,576,888 in tax credits, averaging about $9,046 in federal funding per unit. This zip code holds 1.55% of Ohio's total LIHTC funding, indicating a significant concentration of affordable housing investment in this area.
Affordable housing has been a part of zip code 43215 for over 25 years, with the first LIHTC project, Homes On The Hill, completed in 1991, and the most recent, Griswold Building Renovation, finished in 2016. The 2010s saw the most affordable housing development, with notable projects including Franklin Station (2014), Hawthorn Grove Apartments (2015), and CHN West (2015).
The LIHTC-funded housing in zip code 43215 offers a diverse range of unit types. Of the 727 total units, there are 276 efficiencies, 154 one-bedroom units, 144 two-bedroom units, and 21 three-bedroom units. This distribution suggests a focus on smaller households and potentially single residents or couples.
Over the past decade, zip code 43215 has experienced significant population growth, increasing from 14,463 in 2013 to 18,164 in 2022. This 25.6% population increase coincides with the completion of several LIHTC projects, potentially addressing the growing housing needs in the area.
Median income in zip code 43215 has also risen substantially, from $54,875 in 2013 to $73,457 in 2022, a 33.9% increase. Despite this overall income growth, the continued development of affordable housing suggests a persistent need for low-income options in this area.
Racial demographics have remained relatively stable, with a slight increase in diversity. The white population decreased slightly from 77% in 2013 to 76% in 2022, while the Asian population increased from 3% to 6%, and the Hispanic population from 3% to 5%. This gradual diversification may influence the ongoing need for affordable housing options to support a range of community members.
Zip code 43215 in Columbus, Ohio, demonstrates a significant commitment to affordable housing through LIHTC-funded projects. With 727 total units, of which 621 are low-income, these developments represent about 10.4% of the estimated housing inventory. The area has seen consistent affordable housing development over 25 years, with the most activity in the 2010s. Despite rising median incomes and population growth, the continued investment in affordable housing suggests an ongoing need to maintain economic diversity and housing accessibility in this dynamic urban area.