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Affordable Housing in Wauseon, Ohio: A Longitudinal Analysis 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
Wauseon, a city in Ohio, has a population of 9,509 as of 2022. The city's Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory consists of 194 total units, all of which are designated as low-income units. Based on the estimated housing inventory of 3,643 units, the LIHTC-funded affordable housing covers approximately 5.3% of the city's housing stock.
Wauseon has received $113,896 in project tax credits through the LIHTC program. With 4 approximate projects, this translates to an average federal funding of $28,474 per project. The average federal funding per unit is $587, considering the 194 total units in LIHTC-funded projects. Wauseon holds 0.03% of the total state funding for LIHTC projects in Ohio.
The first LIHTC projects in Wauseon, West Elm Apts and West Elm Villas, were completed in 1989. The most recent project, Wauseon Senior Village, was completed in 2010. This indicates that affordable housing has been present in the city for at least 21 years. The 1980s saw the most affordable housing projects completed, with two projects finished in 1989.
Over the last decade, Wauseon's population has remained relatively stable, with a slight increase from 9,342 in 2010 to 9,509 in 2022. The median income has shown an upward trend, rising from $52,568 in 2013 to $57,924 in 2022. This increase in median income might suggest a reduced need for additional affordable housing in recent years.
The racial composition of Wauseon has remained consistent, with the white population comprising about 83-84% of residents throughout the decade. The Hispanic population has maintained a steady presence at around 13-14%. There has been a slight increase in residents identifying as two or more races, from 0% in 2013 to 2% in 2022.
Wauseon's LIHTC-funded affordable housing covers a modest portion of the city's estimated housing stock. The city has maintained a consistent affordable housing presence since 1989, with projects spread across different decades. While the population has remained stable, the rising median income over the past decade may have influenced the lack of new LIHTC projects since 2010. The racial composition of the city has shown minimal changes, with a slight increase in diversity. These demographic trends, coupled with the existing affordable housing stock, provide context for understanding Wauseon's affordable housing landscape.
