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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Eastland, a neighborhood in Columbus, Ohio, features Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood contains 79 LIHTC units, all designated as low-income. Based on the 2022 population of 8,774 and the national average household size of 2.61, the estimated housing units in Eastland are approximately 3,362. LIHTC funded affordable housing represents about 2.35% of the estimated housing inventory in the neighborhood.
The LIHTC program has invested $642,722 in tax credits in Eastland, averaging approximately $8,136 per affordable unit. Affordable housing development in the neighborhood spans nearly three decades, with the first project completed in 1993 and the most recent in 1997. The 1990s were the most active period for affordable housing development in Eastland.
The unit distribution in LIHTC housing consists of 54 two-bedroom units and 24 three-bedroom units, indicating a focus on accommodating small to medium-sized families in the affordable housing stock.
Eastland's population has increased from 7,826 in 2013 to 8,774 in 2022. The median income has remained relatively stable, ranging between $30,000 and $34,000 annually. The neighborhood has maintained a predominantly Black population, consistently representing over 55% of residents. The White population has decreased from 25% in 2013 to 17% in 2022, while the Hispanic population has increased from 12% to 15% during the same period. The Asian population and those identifying as two or more races have also experienced small increases.
The demographic shifts, including population growth and stable low-to-moderate income levels, suggest an ongoing need for affordable housing in Eastland. However, no new LIHTC projects have been recorded in the last decade, potentially indicating that other housing assistance programs are addressing this need or that opportunities exist for further affordable housing development.
Eastland's LIHTC funded affordable housing inventory represents a significant investment in the neighborhood's low-income residents, despite its modest size relative to the estimated total housing stock. The focus on two and three-bedroom units indicates a family-oriented approach to affordable housing. The neighborhood's demographic trends suggest a continued need for affordable housing options. While LIHTC development was active in the 1990s, the absence of recent projects presents an opportunity for potential future affordable housing initiatives to address the evolving needs of Eastland's diverse community.