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Affordable Housing in McComb, Ohio: A Modest LIHTC Inventory
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
McComb, Ohio, maintains a small Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city has 24 affordable housing units, all categorized as low-income units. These units represent approximately 2.1% of the city's estimated housing inventory of 1,162 units.
The LIHTC program has provided McComb with $17,455 in project tax credits. This funding is distributed across approximately two projects, resulting in an average federal funding of $8,727.50 per project and $727.29 per unit. The earliest recorded LIHTC project in McComb is Crystal Gale Apts, completed in 1996, which has been providing affordable housing for over 25 years. The 1990s marked the period of most significant affordable housing development activity in the city.
The LIHTC funded housing inventory in McComb consists of 24 units, comprising 8 one-bedroom and 16 two-bedroom apartments. This mix of unit sizes offers options for different household sizes within the low-income population.
McComb has experienced population fluctuations over the past decade. The population reached a peak of 3,717 in 2014 and subsequently declined to 3,033 in 2022. Despite these changes, the median income has shown an overall increasing trend, rising from $59,184 in 2013 to $61,632 in 2022.
The racial demographics in McComb have remained relatively stable. The white population consistently represents the majority, comprising approximately 92-93% of the total population. Recent years have seen a slight increase in diversity, with small percentages of Asian, Hispanic, and multiracial residents being reported.
In summary, McComb's LIHTC funded affordable housing inventory, while small, has been a consistent part of the community since the mid-1990s. The 24 low-income units represent a small but significant portion of the city's estimated housing stock. Despite population fluctuations and a generally increasing median income over the past decade, these affordable units continue to serve the community's needs. The mix of one and two-bedroom units provides some flexibility for different household sizes within the low-income population.
