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Affordable Housing in Reynoldsburg: LIHTC Program's Three-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
Reynoldsburg, Ohio, has a population of 51,923 as of 2022. The city's Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory comprises 360 total units, with 236 designated as low-income units. This represents approximately 1.8% of the city's estimated housing stock of 19,894 units.
Reynoldsburg has received $680,403 in project tax credits from the LIHTC program. With approximately 5 projects, this amounts to an average of $136,081 in federal funding per project, or about $1,890 per unit. Reynoldsburg accounts for 0.16% of Ohio's total state LIHTC funding.
The city's affordable housing development spans nearly three decades. The earliest LIHTC project, "Ridge," was completed in 1990, and the most recent, "Blacklick Crossing," in 2019. The 1990s saw the most activity, with three projects completed: Ridge (1990), Post Woods Townhomes II (1993), and Treebourne Apts (1997).
The LIHTC projects in Reynoldsburg include 111 one-bedroom units, 18 two-bedroom units, and 92 three-bedroom units, indicating an effort to accommodate various family sizes.
Reynoldsburg's population increased from 44,854 in 2010 to 51,923 in 2022, a growth of approximately 15.8%. The median income fluctuated, rising from $64,481 in 2013 to $68,995 in 2022.
The city has become more racially diverse. From 2013 to 2022, the white population decreased from 67% to 50%, while the Black population increased from 24% to 30%. The Asian population grew from 1% to 7%, and those identifying as two or more races increased from 2% to 5%. This demographic shift may indicate a growing need for diverse housing options, including affordable housing.
The completion of Blacklick Crossing in 2019 coincides with the period of population growth and increasing diversity, potentially responding to changing community needs.
Reynoldsburg's LIHTC funded affordable housing represents a small portion of the city's estimated housing stock. The city has experienced consistent development of affordable housing projects over three decades. Demographic trends, including population growth and increasing diversity, may influence future affordable housing needs in Reynoldsburg. The distribution of unit sizes in LIHTC projects suggests an attempt to accommodate various household compositions within the affordable housing inventory.
