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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 43035 in Columbus, Ohio, contains 216 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. These units, all designated as low-income, represent approximately 1.73% of the estimated 12,513 housing units in the zip code, based on the 2022 population of 32,659.
The LIHTC program has allocated $922,000 in tax credits for affordable housing projects in zip code 43035. This investment equates to an average federal funding of $4,268 per unit and constitutes 0.22% of Ohio's total LIHTC funding allocation. The single LIHTC project in this zip code, Dooley's Orchard, was completed in 1995 and has provided affordable housing options for nearly three decades.
Dooley's Orchard consists of 32 one-bedroom, 128 two-bedroom, and 56 three-bedroom units, offering diverse options for various household sizes. This distribution of unit types accommodates different family configurations within the affordable housing framework.
Zip code 43035 has experienced significant demographic changes over the past decade. The population increased by 41.4%, from 23,104 in 2013 to 32,659 in 2022. Concurrently, the median income rose from $114,520 in 2013 to $142,855 in 2022, indicating growing affluence in the area.
The racial composition of zip code 43035 has also shifted. The white population decreased from 76% in 2013 to 67% in 2022, while the Asian population increased from 11% to 17%. The Black population showed a slight increase from 6% to 7% during this period.
Despite population growth and rising median income, no new LIHTC projects have been developed in zip code 43035 over the last decade. This lack of new affordable housing development may be attributed to the area's increasing affluence, potentially reducing the perceived need for additional affordable housing units.
In summary, zip code 43035 in Columbus, Ohio, contains one LIHTC-funded affordable housing project, Dooley's Orchard, operational since 1995. While this project provides 216 low-income units, it represents a small fraction of the estimated housing inventory in the rapidly growing area. The zip code has experienced significant population growth, increasing median income, and shifts in racial composition over the past decade. These demographic changes may have influenced the absence of new LIHTC developments in recent years. It is important to note that other affordable housing programs may be present in the area, contributing to the overall affordable housing stock beyond what is represented by the LIHTC program alone.