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Affordable Housing in West Milton, Ohio: LIHTC Funded Inventory Analysis
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
West Milton, located in Ohio, possesses a LIHTC funded affordable housing inventory comprising 85 units, all designated as low-income units. This inventory represents approximately 3.5% of the city's estimated 2,410 housing units. The village has received $235,694 in project tax credits through the LIHTC program, distributed across two projects, averaging $117,847 in federal funding per project. The average federal funding per unit amounts to $2,773, and the city holds 0.06% of the total state LIHTC funding.
The initial LIHTC project in West Milton, McKinley Commons, was completed in 2005, while the most recent project, Forest Park, was finished in 2009. This indicates that affordable housing has been present in the city for a minimum of 14 years. The 2000s marked the period of most significant affordable housing development activity in the city.
The affordable housing inventory in West Milton consists of 85 units, including 8 efficiencies, 28 one-bedroom units, 37 two-bedroom units, and 12 three-bedroom units. This distribution indicates a focus on accommodating various household sizes, from individuals to small families.
West Milton has experienced a slight population decline over the past decade, from 6,632 in 2014 to 6,289 in 2022. The median income has generally increased from $50,263 in 2014 to $56,039 in 2022, with some fluctuations. The racial composition of the city has remained predominantly white, with a slight increase in diversity in recent years.
The demographic data suggests a relatively stable population with a modest increase in median income, despite the absence of new LIHTC projects in the last decade. This could indicate that the existing affordable housing stock has been sufficient to meet the community's needs, or that other housing programs may be addressing any additional demand for affordable housing.
West Milton's LIHTC funded affordable housing inventory provides 85 low-income units across two projects. The city has received over $235,000 in tax credits, representing a small portion of Ohio's total LIHTC funding. The existing affordable housing stock covers about 3.5% of the estimated housing inventory. The projects, completed in the 2000s, offer a range of unit sizes to accommodate different household needs. The city's demographic trends show a stable population with a slight increase in median income, suggesting that current affordable housing provisions may be meeting the community's needs.
