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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
West Carrollton in Ohio has a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city's LIHTC program has contributed 342 total units, with 315 designated as low-income units. Based on the estimated housing inventory of 5,444 units, LIHTC-funded affordable housing comprises approximately 6.3% of the city's housing stock. This indicates that LIHTC projects play a substantial role in providing affordable housing options for the community.
West Carrollton has two LIHTC-funded projects: Cambridge Commons and Canterbury Court. Cambridge Commons, completed in 2006, offers 192 units, including 171 low-income units. The project features a mix of one-bedroom, two-bedroom, and three-bedroom apartments. Canterbury Court, finished in 2007, provides 150 units, with 144 designated as low-income. This development primarily consists of one-bedroom apartments, with a small number of two-bedroom units.
The LIHTC-funded projects in West Carrollton have been providing affordable housing options for over 15 years. The mid-2000s saw the most activity in LIHTC development, with both projects completed during this period. In terms of unit distribution, the LIHTC inventory in West Carrollton includes 146 one-bedroom units, 120 two-bedroom units, and 4 three-bedroom units. This diverse mix caters to various household sizes and needs within the low-income population.
Over the past decade, West Carrollton has experienced some fluctuations in its population. From 2013 to 2022, the population increased slightly from 13,792 to 14,208. During this period, the median income rose from $42,339 in 2013 to $49,413 in 2022, indicating a modest improvement in the economic conditions of residents.
The racial composition of West Carrollton has remained relatively stable, with a slight decrease in the white population from 81% in 2013 to 77% in 2022. The Black population has remained steady at around 10-12%, while there has been a small increase in the Hispanic population from 2% to 4% during this period.
Despite these demographic changes, no new LIHTC projects have been developed in the last decade. This could suggest that the existing affordable housing stock has been sufficient to meet the needs of the low-income population, or that other housing programs may be addressing additional affordable housing needs in the community.
West Carrollton's LIHTC-funded affordable housing inventory, consisting of 342 units across two projects, plays a significant role in addressing the housing needs of low-income residents. The projects, completed in the mid-2000s, offer a mix of unit sizes to accommodate various household compositions. While the city has experienced modest population growth and income increases over the past decade, the racial composition has remained relatively stable. The absence of new LIHTC developments in recent years may indicate that the current affordable housing stock is meeting the community's needs, though further analysis of other housing programs would be necessary to fully assess the affordable housing landscape in West Carrollton.