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Affordable Housing in Kettering, Ohio: LIHTC Program's Two-Decade Impact
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Kettering, a city in Ohio, has a total of 332 affordable housing units funded through the Low-Income Housing Tax Credit (LIHTC) program. All of these units are designated as low-income units. This affordable housing inventory represents approximately 1.4% of the city's estimated total housing stock of 23,724 units.
The city has received $1,342,528 in project tax credits through the LIHTC program. With approximately 6 projects, this amounts to an average of $223,754 in federal funding per project, or about $4,044 per unit. Kettering's LIHTC funding represents 0.32% of Ohio's total LIHTC funding.
Kettering's affordable housing development spans over two decades. The first LIHTC project, Eastway Apts, was completed in 1995, and the most recent, Key Terrace, was finished in 2017. The 2000s were the most active period for affordable housing development, with four projects completed: Courtyards Of Kettering (2000), Kettering Square Apts (2003), Moler/Vanburen Development (2003), and Washington Square Homes (2006).
The LIHTC-funded housing in Kettering offers a range of unit sizes. There are 72 one-bedroom units, 158 two-bedroom units, 76 three-bedroom units, and 26 four-bedroom units. This distribution indicates an effort to accommodate families of various sizes.
Kettering's population has remained relatively stable over the past decade, with a slight increase from 59,234 in 2019 to 61,920 in 2022. The median income has shown an overall upward trend, rising from $65,710 in 2019 to $67,269 in 2022, with a peak of $70,922 in 2021.
Racial demographics in Kettering have shown subtle shifts. The white population has decreased slightly from 87% in 2019 to 86% in 2022. The Black population has increased from 4% to 5%, and the Asian population has remained steady at around 2-3%. The Hispanic population has held constant at 2-3% over this period.
The most recent LIHTC project, Key Terrace, was completed in 2017. Since then, the city has experienced a modest increase in population and median income, which may explain the absence of new LIHTC projects in recent years.
Kettering's LIHTC-funded affordable housing inventory represents a consistent effort to provide low-income housing options over the past two decades. The city has maintained a diverse range of unit sizes to cater to different household needs. While demographic changes have been gradual, the slight increases in population and median income in recent years may have influenced the pace of new LIHTC developments. The city's share of state LIHTC funding and the distribution of projects over time reflect a sustained commitment to affordable housing, even as the community's socioeconomic landscape evolves.
