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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
North Hill, a neighborhood in Akron, Ohio, contains 71 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. These units comprise approximately 1.07% of the neighborhood's estimated 6,622 housing units, based on the 2022 population of 17,284. All 71 units are designated as low-income.
LIHTC funded affordable housing projects in North Hill span nearly two decades. The initial project, Mildred, was completed in 1988, while the most recent, St Martha Manor, was finished in 2007. This indicates a prolonged period of affordable housing development in the area.
The 1990s saw the completion of the E J Grinder Apts, contributing 34 units to the affordable housing inventory. The 2000s introduced the largest project, St Martha Manor, with 36 units. St Martha Manor offers a variety of unit types, including 28 one-bedroom and 8 two-bedroom units, accommodating diverse household sizes.
North Hill has experienced demographic changes over the past decade. The population has remained relatively stable, fluctuating between approximately 16,000 and 18,000 residents. Median income has shown variability, ranging from about $36,000 to $43,000, with the most recent data point in 2022 at $37,803.
Racial demographics have undergone significant changes. The Asian population increased from 8% in 2013 to 20% in 2022. The Black population grew from 24% to 27% during the same period. The White population decreased from 60% to 43%. The Hispanic population increased slightly from 4% to 6%.
These demographic shifts, particularly the growth in minority populations and fluctuations in median income, may indicate an ongoing need for affordable housing options in the neighborhood. However, no new LIHTC projects have been completed in North Hill since 2007, suggesting that other affordable housing programs might be addressing community needs or that opportunities for future LIHTC developments may exist.
North Hill's LIHTC funded affordable housing inventory, while modest, has been a consistent presence in the neighborhood for nearly two decades. The 71 low-income units, distributed across three projects, provide a foundation of affordable housing options. The neighborhood's changing demographics underscore the potential ongoing need for affordable housing solutions. While LIHTC development has been inactive in recent years, the existing projects continue to contribute to the neighborhood's housing diversity and affordability.