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Affordable Housing in Vandalia, Ohio: A Two-Decade Overview of LIHTC Projects
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Vandalia, Ohio, has a notable presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The city's LIHTC inventory comprises 255 total units, with 223 designated as low-income units. Based on the estimated 6,874 housing units in Vandalia, LIHTC-funded affordable housing represents approximately 3.7% of the city's housing stock.
Vandalia has received $483,811 in project tax credits for affordable housing through the LIHTC program. With three projects, this translates to an average of $161,270 in federal funding per project. The average federal funding per unit is $1,897, considering the total 255 units in LIHTC-funded projects. Vandalia holds 0.11% of Ohio's total LIHTC funding, indicating a modest but significant contribution to the state's affordable housing efforts.
The city's LIHTC-funded affordable housing spans from 2000 to 2003, with Timberlake Apartments being the first project completed in 2000, and both Vandalia Apartments and Vandalia Associates following in 2003. This suggests a concentrated period of affordable housing development in the early 2000s. The housing mix in Vandalia's LIHTC projects is diverse, comprising 76 one-bedroom units, 41 two-bedroom units, 28 three-bedroom units, and 2 four-bedroom units. This variety caters to different household sizes and needs within the low-income population.
Over the past decade, Vandalia's population has remained relatively stable, with a slight increase from 17,786 in 2015 to 17,940 in 2022. The median income has shown a significant upward trend, rising from $59,253 in 2015 to $70,812 in 2022. This income growth might indicate a changing economic landscape in the city.
Racial demographics have remained fairly consistent, with the white population representing the majority (88% in 2022). There has been a slight increase in diversity, with small growths in Asian and multi-racial populations.
The lack of new LIHTC projects in the last decade could be attributed to the rising median income and relatively stable population, potentially reducing the perceived need for additional low-income housing.
Vandalia's LIHTC-funded affordable housing inventory, while modest, provides an important contribution to the city's housing diversity. The projects, all completed in the early 2000s, offer a range of unit sizes to accommodate various household needs. While the city has not seen new LIHTC developments in recent years, the existing inventory continues to play a role in providing affordable housing options. The city's changing demographics, particularly the rising median income, may influence future affordable housing needs and strategies in Vandalia.
