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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The Dayton View Triangle neighborhood in Dayton, Ohio, contains 81 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. These units, all designated as low-income, comprise approximately 12.9% of the estimated 626 housing units in the neighborhood, based on the 2022 population of 1,633 and the national average household size of 2.61. The LIHTC program has invested $1,235,000 in tax credits for affordable housing in Dayton View Triangle, averaging $15,247 per unit.
The neighborhood's LIHTC-funded affordable housing is concentrated in a single project, Omega Senior Lofts, completed in 2020. This development consists of 62 one-bedroom units and 19 two-bedroom units, totaling 81 units. The unit mix suggests a focus on smaller households, potentially catering to the needs of senior residents or small families.
Over the past decade, Dayton View Triangle has experienced demographic shifts. The population has declined from 2,431 in 2010 to 1,633 in 2022. Median income has fluctuated, ranging from $67,052 in 2015 to $34,766 in 2018, before reaching $39,013 in 2022. The racial composition has remained relatively stable, with approximately 75% of residents identifying as Black, 22% as White, and 3% as two or more races in 2022.
The completion of Omega Senior Lofts in 2020 coincides with a period of relative population stability and a slight increase in median income. This suggests that the LIHTC project may have been developed in response to a recognized need for affordable senior housing in the area.
The Dayton View Triangle neighborhood has a significant LIHTC-funded affordable housing presence, with 81 units representing about 12.9% of the estimated housing inventory. The single project, Omega Senior Lofts, completed in 2020, demonstrates a recent investment in affordable housing, particularly for seniors. This development aligns with the neighborhood's demographic trends, including a stabilizing population and fluctuating median income. The LIHTC program's substantial investment of over $15,000 per unit underscores the importance of affordable housing in this community.