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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 43015 in Delaware, Ohio, contains a varied affordable housing inventory supported by the Low-Income Housing Tax Credit (LIHTC) program. This area encompasses 196 total units in LIHTC-funded projects, with 124 units designated as low-income. LIHTC-funded affordable housing comprises approximately 0.89% of the total housing stock, based on an estimated 22,083 housing units in the zip code.
The LIHTC program has made substantial investments in this zip code, with project tax credits totaling $922,783. This equates to an average federal funding of $4,707 per unit across all LIHTC-funded projects. Zip code 43015 accounts for 0.22% of Ohio's total LIHTC funding allocation.
Affordable housing has been a consistent feature of this community from 1990 to 2020. The initial LIHTC project, Muirwood Village At Lexington Glenn, was completed in 1990, while the most recent, Delaware Psh, was finished in 2020. This 30-year span demonstrates a sustained commitment to affordable housing development.
The 2010s experienced the most significant affordable housing growth, with three projects completed: Arthur Place (2009), Delaware Place (2013), and Sunnyview Square Apts (2013). The LIHTC-funded housing stock in this zip code offers diverse unit types, including 8 efficiencies, 49 one-bedroom units, 97 two-bedroom units, 30 three-bedroom units, and 4 four-bedroom units, accommodating various household sizes.
Zip code 43015 has experienced steady population growth, increasing from 46,600 in 2010 to 57,636 in 2022, a 23.7% increase. This suggests a growing demand for housing, including affordable options. Median income in the area has risen from $73,798 in 2013 to $92,332 in 2022, a 25.1% increase. Despite overall income growth, the continued development of LIHTC projects indicates an ongoing need for affordable housing options.
The racial composition of the zip code has become more diverse over the past decade. The percentage of white residents decreased from 91% in 2013 to 83% in 2022, while the Asian population increased from 1% to 5%, and the Black population remained relatively stable at 4%. This increasing diversity may contribute to varied housing needs within the community.
Zip code 43015 in Delaware, Ohio, demonstrates a consistent commitment to affordable housing through its LIHTC-funded projects. While these units represent a small percentage of the overall housing stock, they provide crucial affordable options in an area experiencing population growth and increasing median incomes. The diverse unit mix and long-term development of LIHTC projects suggest an ongoing effort to meet the changing needs of the community. As the area continues to grow and diversify, maintaining and potentially expanding affordable housing options may remain an important consideration for community planners and policymakers.