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Affordable Housing in South Cumminsville: LIHTC Investments Span Three Decades
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
South Cumminsville, a neighborhood in Cincinnati, Ohio, has a notable presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood contains 55 affordable units, all designated as low-income units. Based on the 2022 population of 3,437 and using the national average household size, the estimated housing inventory is approximately 1,317 units. The LIHTC funded affordable housing represents about 4.18% of the estimated housing inventory in South Cumminsville.
The LIHTC program has invested significantly in South Cumminsville, with project tax credits totaling $1,728,667. This translates to an average federal funding of approximately $31,430 per unit. The neighborhood has seen LIHTC projects spanning nearly three decades, with the first project, Garfield Commons, completed in 1994, and the most recent, Commons At South Cumminsville, finished in 2020. This indicates a long-term commitment to affordable housing in the area.
The 2020s marked the decade with the most recent affordable housing development in South Cumminsville. The Commons At South Cumminsville project, completed in 2020, added 8 one-bedroom units to the neighborhood's affordable housing inventory. The earlier project, Garfield Commons, contributed 47 units, though the specific bedroom distribution is not available.
Over the past decade, South Cumminsville has experienced demographic shifts. The population has grown from 2,341 in 2010 to 3,437 in 2022, representing an increase of about 46.8%. This population growth may have contributed to the need for additional affordable housing, as evidenced by the 2020 LIHTC project.
Median income in the neighborhood has seen an upward trend, rising from $12,461 in 2013 to $16,019 in 2022. Despite this increase, the median income remains relatively low, potentially indicating an ongoing need for affordable housing options.
Racial demographics in South Cumminsville have remained relatively stable over the past decade, with a predominant Black population. However, there has been a slight increase in racial diversity, with the White population growing from 5% in 2013 to 11% in 2022, and a small but consistent Hispanic presence ranging from 1% to 6% over the years.
South Cumminsville's LIHTC funded affordable housing inventory represents a small but significant portion of the neighborhood's estimated housing stock. The area has seen ongoing investment in affordable housing over nearly three decades, with the most recent project completed in 2020. The neighborhood's growing population, coupled with its relatively low median income, suggests a continued need for affordable housing options. The current LIHTC inventory covers only a fraction of the estimated housing units, but plays an important role in providing affordable options for low-income residents in this evolving Cincinnati neighborhood.
