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Affordable Housing in Wheelersburg: Three Decades of LIHTC Impact
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Wheelersburg, Ohio, has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 112 units. This comprises approximately 3.58% of the city's estimated 3,129 housing units, based on the 2022 population of 8,167. The city has received $93,592 in project tax credits for affordable housing through the LIHTC program.
Wheelersburg has approximately 3 LIHTC projects, with an average federal funding of $31,197 per project. When divided by the total number of units, this amounts to an average federal funding of $836 per unit. The city's LIHTC funding represents 0.02% of the total state LIHTC funding, indicating a relatively small portion of Ohio's overall affordable housing investment.
The first LIHTC project in Wheelersburg was completed in 1989 (Country Style Apts), and the most recent projects were completed in 1992 (Pleasant Valley Apts and Wheelersburg Senior Village). The 1990s saw the most affordable housing activity, with two projects completed in 1992: Pleasant Valley Apts with 48 units and Wheelersburg Senior Village with 42 units.
Over the last decade, Wheelersburg's population has remained relatively stable, fluctuating between 7,624 and 8,351 residents. The median income has shown some variability, ranging from $52,816 in 2013 to $63,300 in 2017, with the most recent data showing $61,569 in 2022.
The racial composition of Wheelersburg has been consistently predominantly white, with the white population making up 94-98% of the total population throughout the last decade. There has been a slight increase in diversity, with a small Hispanic population (1%) emerging in recent years and a small two or more races population (1%) in 2022.
No new LIHTC projects have been built in Wheelersburg since 1992. This could be due to a combination of factors, including the stability of the population, the relatively high median income, and the existing affordable housing stock meeting the current needs of the community.
Wheelersburg's LIHTC funded affordable housing inventory consists of 112 units across 3 projects, covering about 3.58% of the estimated housing stock. The city received $93,592 in tax credits, averaging $836 per unit. While the affordable housing projects were built between 1989 and 1992, they continue to serve the community. The city's demographic trends show a stable population with a gradually increasing median income and a predominantly white racial composition, with slight increases in diversity in recent years.
