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Affordable Housing in Zip Code 43619: LIHTC Impact in Northwood, Ohio
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 43619, located in Northwood, Ohio, contains 143 affordable housing units funded by the Low-Income Housing Tax Credit (LIHTC) program. All of these units are designated as low-income units. The estimated total housing inventory in this zip code is approximately 2,585 units, based on the 2022 population of 6,746 and using the national average household size. LIHTC-funded affordable housing represents about 5.5% of the estimated housing inventory in the area.
The LIHTC program has invested $140,186 in tax credits for affordable housing projects in zip code 43619, with an average of about $980 per unit. This funding accounts for 0.03% of Ohio's total LIHTC allocation, indicating a small but notable contribution to the state's affordable housing efforts.
The earliest recorded LIHTC project in zip code 43619 is the East Pointe Apartments, completed in 2003. This single project accounts for all 143 low-income units in the area, suggesting a concentrated effort to provide affordable housing approximately two decades ago. The 2000s were the most active period for LIHTC development in this zip code, with East Pointe Apartments serving as the primary project.
Zip code 43619 has experienced demographic changes over the past decade. The population has decreased slightly from 7,317 in 2014 to 6,746 in 2022. However, the median income has increased significantly from $61,424 in 2014 to $75,103 in 2022, indicating an overall improvement in economic conditions.
The racial distribution in zip code 43619 has remained relatively stable. The white population has consistently represented approximately 90% of residents. The Hispanic population has fluctuated between 7% and 9% from 2013 to 2020, before decreasing to 5% in 2022. There has been a small increase in residents identifying as two or more races, rising from 1% in 2014 to 5% in 2022.
Despite the rising median income in zip code 43619, the presence of LIHTC-funded housing continues to play an important role in maintaining affordable options for lower-income residents in an area that has experienced economic growth. The 143 low-income units, concentrated in one project completed in 2003, represent about 5.5% of the estimated total housing inventory. This affordable housing stock helps ensure housing options for lower-income residents in a predominantly white community with a small but notable Hispanic population.
