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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Highview Hills, a neighborhood in Dayton, Ohio, is characterized by its Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The neighborhood contains one LIHTC project, Bella Vista Homes, which provides 251 affordable housing units, including 25 low-income units. Based on the estimated housing inventory of approximately 207 units for the neighborhood's 2022 population, the LIHTC funded affordable housing covers about 121% of the estimated housing stock. This indicates that LIHTC funded affordable housing comprises the majority of the neighborhood's housing inventory.
The LIHTC program has invested $955,210 in tax credits for affordable housing in Highview Hills. This equates to an average federal funding of approximately $3,805 per unit when divided by the total 251 units in the LIHTC funded project. Bella Vista Homes, completed in 2003, represents the sole LIHTC project in the neighborhood, suggesting that affordable housing has been present in Highview Hills for nearly two decades.
The project consists entirely of three-bedroom units, totaling 251. This unit configuration indicates a focus on accommodating families or larger households within the affordable housing development.
Over the past decade, Highview Hills has experienced some demographic shifts. The population has remained relatively stable, fluctuating between 492 and 540 residents. Median income has shown an upward trend, increasing from $21,192 in 2013 to $26,699 in 2022, indicating a gradual improvement in economic conditions for residents.
Racial demographics have also evolved. The neighborhood has consistently maintained a majority African American population, with the percentage ranging from 84% to 94% over the past decade. There has been a slight increase in diversity, with the percentage of residents identifying as two or more races growing from 2% in 2013 to 10% in 2022. The white population has decreased slightly from 9% to 4% during this period.
These demographic trends, particularly the rising median income, may suggest a reduced need for additional LIHTC projects in recent years. However, the existing LIHTC project continues to play a crucial role in providing affordable housing options for the community.
Highview Hills' affordable housing landscape is dominated by a single LIHTC project, Bella Vista Homes, which provides a significant number of units relative to the neighborhood's estimated housing inventory. The project, completed in 2003, offers 251 three-bedroom units, including 25 designated as low-income units. Over the past decade, the neighborhood has experienced modest population stability, gradual income growth, and slight shifts in racial composition. These factors, combined with the extensive coverage of LIHTC funded housing, have likely influenced the absence of additional LIHTC developments in recent years.