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Affordable Housing in Wexford-Thornapple: A Decade of Demographic Shifts and Static LIHTC Development
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Wexford-Thornapple, a neighborhood in Columbus, Ohio, has a population of 8,965 as of 2022. The area features Low-Income Housing Tax Credit (LIHTC) funded affordable housing, with 228 total units, all designated as low-income. These units represent approximately 6.64% of the neighborhood's estimated 3,435 housing units.
The LIHTC program has provided $591,341 in tax credits for affordable housing in Wexford-Thornapple, averaging $2,594 per unit. The sole LIHTC-funded project, Golf Pointe Apts, was completed in 2001, indicating a two-decade presence of affordable housing in the area. Golf Pointe Apts offers a range of unit types: 1 one-bedroom unit, 112 two-bedroom units, and 16 three-bedroom units, primarily accommodating small to medium-sized households.
Wexford-Thornapple has experienced significant demographic changes over the past decade. The population increased by 15.9% from 7,731 in 2018 to 8,965 in 2022. Median income rose by 36.5% from $63,124 in 2018 to $86,164 in 2022. The racial composition shifted, with the white population decreasing from 75% to 66%, the Black population increasing from 7% to 17%, the Hispanic population growing from 8% to 10%, and the Asian population remaining stable at around 6%.
Despite these demographic changes and rising median income, no new LIHTC projects have been developed in Wexford-Thornapple in the last decade. This lack of development may be attributed to factors such as limited available land, changing local priorities, or the perception that existing affordable housing stock is sufficient.
Wexford-Thornapple's affordable housing landscape is defined by the Golf Pointe Apts project, which provides 228 low-income units and covers about 6.64% of the estimated housing inventory. This percentage falls below the 15-20% affordable housing stock typically recommended for a balanced community. The neighborhood has experienced significant population growth, income increases, and shifts in racial composition over the past decade. However, the absence of new LIHTC projects suggests that future assessments may be necessary to determine if additional affordable housing is needed to meet the evolving demographics of the area.
