Loading Content...
Affordable Housing in South Charleston, Ohio: LIHTC Impact on a Small Village
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
South Charleston, Ohio, has a population of 2,536 as of 2022. The village utilizes the Low-Income Housing Tax Credit (LIHTC) program to provide affordable housing. The LIHTC program has funded 41 affordable housing units in South Charleston, all designated as low-income units. These units represent approximately 4.2% of the village's estimated 972 housing units.
South Charleston has received $175,392 in project tax credits through the LIHTC program. This funding is distributed across approximately two projects, resulting in an average federal funding of $87,696 per project and $4,278 per unit. The village's share of Ohio's total LIHTC funding is 0.04%, indicating a modest allocation of the state's affordable housing resources.
Affordable housing has been present in South Charleston for over two decades. The first LIHTC project, Berschet Apts, was completed in 1996, while the most recent project, Charleston Court, was finished in 2007. The 2000s saw the most significant affordable housing development activity in the village.
The LIHTC-funded housing inventory in South Charleston includes a variety of unit types. There are 5 one-bedroom units, 24 two-bedroom units, and 12 three-bedroom units. This distribution suggests an effort to accommodate families of various sizes within the affordable housing stock.
Demographic trends over the past decade show fluctuations in South Charleston's population. The population reached a peak of 2,748 in 2017 and has since decreased to 2,536 in 2022. Median income has shown an overall upward trend, increasing from $44,622 in 2015 to $56,947 in 2022, potentially indicating changing economic conditions in the village.
Racial demographics have remained relatively stable, with a predominantly white population. However, there has been a slight increase in diversity. As of 2022, the village's population was 90% white, 3% Black, 3% Hispanic, and 3% identifying as two or more races.
South Charleston has maintained a consistent presence of LIHTC-funded affordable housing over the past few decades. While the percentage of affordable units is modest compared to the estimated total housing stock, it represents a significant investment in providing housing options for low-income residents. The village's demographic trends, including a slightly decreasing population and increasing median income, may influence future affordable housing needs and development in the community.
