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Affordable Housing in St. Paris, Ohio: LIHTC Impact on a Small Village
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
St. Paris in Ohio maintains a modest Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The village contains 28 affordable housing units, of which 27 are designated as low-income units. Based on the 2022 population of 4,008 and an estimated 1,536 housing units, LIHTC-funded affordable housing comprises approximately 1.82% of the village's estimated housing inventory.
St. Paris has received $140,702 in project tax credits through the LIHTC program. With one project, this equates to an average federal funding of $140,702 per project. The average federal funding per unit is approximately $5,025. The village holds 0.03% of the total state LIHTC funding.
The sole LIHTC-funded project in St. Paris is Walnut Hill Apartments, completed in 2006. This project has provided affordable housing in the village for over 15 years. The Walnut Hill Apartments project consists of 28 total units, including 6 one-bedroom units, 2 two-bedroom units, and 2 three-bedroom units. This distribution indicates a focus on smaller household sizes in the affordable housing inventory.
St. Paris has experienced fluctuations in its population over the past decade, with a general downward trend from 4,896 in 2013 to 4,008 in 2022. Despite this population decrease, the median income has shown an overall increase from $52,837 in 2013 to $62,552 in 2022, indicating improved economic conditions for some residents.
The racial composition of St. Paris has remained predominantly white, with a slight decrease from 97% in 2013 to 91% in 2022. There has been a small increase in diversity, with slight growth in Hispanic, Black, and Native American populations.
St. Paris has a single LIHTC-funded affordable housing project, Walnut Hill Apartments, which has served the community since 2006. While the project provides 28 affordable units, it covers a relatively small percentage of the village's estimated housing inventory. The village has experienced a population decline over the past decade, coupled with an increase in median income. These demographic shifts may influence the need for affordable housing in the future. Further analysis of housing affordability in the broader context of the village's economic landscape would be beneficial for future planning.
