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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The zip code 43044, which encompasses Mechanicsburg in Ohio, contains a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 44 total units, with 8 units designated as low-income. Based on the 2022 population of 5,688 and utilizing the national average household size, an estimated 2,179 housing units exist in this zip code. The LIHTC funded affordable housing comprises approximately 2% of the estimated housing inventory in this area.
The LIHTC projects in zip code 43044 have received $154,116 in tax credits, averaging about $3,503 per unit when divided by the total number of LIHTC funded units. This funding represents 0.04% of Ohio's total LIHTC allocations, indicating a relatively small portion of the state's affordable housing investment in this area.
The initial LIHTC project in this zip code, Pleasantview Estates, was completed in 1989, while the most recent, Pleasantview Apts, was finished in 2004. This 15-year span demonstrates a long-term presence of affordable housing initiatives in the area. The 2000s saw the most significant development in affordable housing, with the larger Pleasantview Apts project being completed during this decade.
The affordable housing inventory in zip code 43044 consists primarily of one-bedroom and two-bedroom units. Specifically, there are 16 one-bedroom units and 24 two-bedroom units. This distribution suggests a focus on accommodating smaller households or families.
Over the past decade, the population in zip code 43044 has remained relatively stable, with a slight decrease from 5,815 in 2014 to 5,688 in 2022. During this period, the median income has shown an overall upward trend, increasing from $58,192 in 2014 to $66,365 in 2022. This rise in median income might indicate a reduced need for additional affordable housing in recent years.
The racial composition of zip code 43044 has remained predominantly white, consistently around 95% throughout the last decade. There has been a slight increase in diversity, with small increases in Hispanic and multiracial populations, but these changes have been minimal.
Zip code 43044 has a modest LIHTC funded affordable housing inventory, representing about 2% of the estimated total housing units. The area received a small portion of Ohio's LIHTC allocations, with projects spanning from 1989 to 2004. The housing stock is primarily composed of one and two-bedroom units, suggesting a focus on smaller households. While the population has remained relatively stable over the past decade, the area has seen an increase in median income, which could impact the demand for affordable housing. The racial composition has remained largely unchanged, with a slight increase in diversity in recent years.