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Affordable Housing in Jefferson, Ohio: LIHTC Project Impact and Demographic Shifts
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Jefferson, Ohio, has one Low-Income Housing Tax Credit (LIHTC) funded project, Jefferson Courtyard, providing 32 low-income units. This project contributes to the city's affordable housing inventory, which is estimated at 2,285 housing units. The LIHTC-funded affordable housing covers approximately 1.4% of the city's housing inventory.
The Jefferson LIHTC project received $59,754 in tax credits, averaging $1,867 per unit in federal funding. This funding represents 0.01% of Ohio's total LIHTC allocations. Jefferson Courtyard, completed in 2006, has been providing affordable housing options for over 15 years.
The project consists entirely of one-bedroom units, potentially serving single individuals or small households. This unit composition may align with the changing demographics of the city, possibly accommodating seniors or young professionals.
Demographic trends over the past decade show Jefferson experienced a slight population decline, from 5,900 residents in 2015 to 5,965 in 2022. The median income fluctuated, peaking at $61,029 in 2019 before decreasing to $51,903 in 2022. This recent decline in median income may indicate an increasing need for affordable housing options.
Racial demographics in Jefferson have remained relatively stable, with a predominantly white population. There has been a small increase in Hispanic residents, from 2% in 2015 to 5% in 2022. This gradual diversification may influence future affordable housing needs and considerations.
Jefferson's LIHTC-funded affordable housing project plays a role in addressing the community's housing needs. The city's changing demographics, including income fluctuations and increasing diversity, suggest that ongoing attention to affordable housing will remain important. While the current LIHTC inventory covers a small percentage of the city's housing stock, it provides a foundation for potential future affordable housing initiatives in Jefferson.
