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Affordable Housing in Jackson, Ohio: LIHTC Program's Impact on a Small City
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Jackson, Ohio, a city with a population of 12,873 as of 2022, has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 136 total units, including 123 low-income units. This comprises approximately 2.76% of the city's estimated 4,932 housing units. The city has received $597,524 in project tax credits through the LIHTC program, distributed across 5 projects, resulting in an average federal funding of $119,505 per project and $4,393 per unit. Jackson's share of the total state LIHTC funding is 0.14%.
The first LIHTC project in Jackson, Apple Hill Apts, was completed in 1987, while the most recent, Jackson Run, was finished in 2002. The 1990s were the most active period for affordable housing development, with three projects completed: Jackson Family Apts (1992), Jackson Retirement Village (1995), and Holly Hills Apts (2001). This indicates that affordable housing has been present in the city for at least 15 years.
The LIHTC-funded projects in Jackson offer a variety of unit types, including 41 one-bedroom units, 7 two-bedroom units, 36 three-bedroom units, and 6 four-bedroom units. This distribution suggests an effort to accommodate diverse household sizes. Notably, the Jackson Run project, completed in 2002, specifically targets single parents, potentially offering features such as on-site childcare facilities or proximity to family-oriented amenities.
Jackson's population has remained relatively stable over the past decade, fluctuating between 12,000 and 13,000 residents. The median income has shown an overall increasing trend, rising from $45,231 in 2013 to $52,614 in 2022. This increase in median income may suggest a reduced need for additional affordable housing units in recent years.
The racial composition of Jackson has remained predominantly white, consistently around 94-95% of the population throughout the past decade. There has been a slight increase in diversity, with small increases in the percentages of Black, Hispanic, and multi-racial residents.
In summary, Jackson's LIHTC-funded affordable housing inventory comprises 136 units across 5 projects, representing approximately 2.76% of the estimated housing stock. The city has received nearly $600,000 in project tax credits, averaging about $119,505 per project. The affordable housing projects span from 1987 to 2002, with the 1990s being the most active period for LIHTC development. The unit mix caters to various household sizes, with a notable project targeting single parents. While the population has remained stable, the increasing median income over the past decade may have influenced the lack of new LIHTC projects in recent years.
