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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 43551 in Perrysburg, Ohio contains a single Low-Income Housing Tax Credit (LIHTC) funded affordable housing project. This zip code, spanning 75.71 square miles, had a population of 42,756 in 2022. The estimated housing inventory is approximately 16,382 units, based on the national average household size of 2.61. The LIHTC funded affordable housing comprises 69 units, all designated as low-income, representing about 0.42% of the estimated housing units in the zip code.
The LIHTC program has invested $990,000 in tax credits for affordable housing in this zip code, averaging $14,348 per unit. This investment accounts for 0.23% of the total state LIHTC funding in Ohio. The sole LIHTC project, Harbor Town Senior Residence, was completed in 2015 and has been operational for about 8 years. The development consists of 31 one-bedroom units and 38 two-bedroom units, catering to various household sizes within the low-income senior community.
Over the past decade, zip code 43551 has experienced steady population growth, increasing from 37,225 in 2013 to 42,756 in 2022. The median income has also risen significantly, from $76,932 in 2013 to $91,202 in 2022, indicating overall economic improvement in the area. The racial composition has remained relatively stable, with a slight decrease in the white population from 89% in 2013 to 87% in 2022. There has been a small increase in racial diversity, with the Hispanic population growing from 3% to 5% and the two or more races category increasing from 1% to 3% during this period.
The completion of Harbor Town Senior Residence in 2015 aligns with the period of population growth and increasing median income. This suggests that the LIHTC project was developed in response to the growing need for affordable senior housing in an area experiencing economic expansion.
Zip code 43551 has a single LIHTC funded affordable housing project, Harbor Town Senior Residence, which provides 69 low-income units. While this represents a small percentage of the estimated housing inventory, it specifically targets senior residents. The area has seen consistent population growth and rising median incomes over the past decade, alongside a slight increase in racial diversity. The LIHTC investment of $990,000 demonstrates a commitment to providing affordable housing options in this growing community, particularly for its senior population.