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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Eastmoor, a neighborhood in Columbus, Ohio, has a population of 19,023 as of 2022. The area features two Low-Income Housing Tax Credit (LIHTC) funded affordable housing projects, providing a total of 62 low-income units. Based on the estimated housing inventory of 7,289 units, LIHTC funded affordable housing covers approximately 0.85% of the neighborhood's housing stock.
The LIHTC program has been contributing to affordable housing in Eastmoor for over three decades. The first project, Parkview Apts, was completed in 1991, while the most recent project, Canterbury Way, was finished in 2007. This 16-year span demonstrates a long-standing commitment to affordable housing in the neighborhood.
The 2000s saw the most significant addition to the affordable housing inventory with the completion of Canterbury Way in 2007. This project added 46 low-income units, including 3 two-bedroom and 16 three-bedroom units, significantly expanding the options for families in need of affordable housing.
In total, the LIHTC funded projects in Eastmoor provide 62 low-income units. Canterbury Way offers a mix of two- and three-bedroom units, catering to families of various sizes. Parkview Apts, while providing 16 units, does not have specific bedroom count information available.
Over the past decade, Eastmoor has experienced some demographic shifts. The population has grown from 17,863 in 2015 to 19,023 in 2022, an increase of about 6.5%. During this period, the median income has fluctuated, reaching a peak of $70,832 in 2021 before decreasing to $64,934 in 2022.
The racial composition of Eastmoor has also changed slightly. The Black population has increased from 34% in 2015 to 36% in 2022, while the White population has decreased from 55% to 48%. The Hispanic population has grown from 5% to 10% during this period.
Despite these demographic changes, no new LIHTC projects have been completed in Eastmoor since 2007. This could be due to various factors, including changes in funding priorities, zoning regulations, or the availability of suitable development sites.
Eastmoor's LIHTC funded affordable housing inventory, while modest in size, has been a consistent presence in the neighborhood for over 30 years. The two projects provide 62 low-income units, representing about 0.85% of the estimated housing stock. The most recent addition, Canterbury Way, significantly expanded the affordable housing options, particularly for families needing larger units. While the neighborhood has seen population growth and demographic shifts in the past decade, there have been no new LIHTC projects during this period. This analysis provides a snapshot of LIHTC's contribution to affordable housing in Eastmoor, though other housing assistance programs may also be present in the neighborhood.