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Affordable Housing in Zip Code 43777: LIHTC's Impact in Roseville, 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
The zip code 43777 in Roseville, Ohio, presents a specific case of affordable housing implementation through the Low-Income Housing Tax Credit (LIHTC) program. This area contains 8 LIHTC-funded affordable housing units, all categorized as low-income units. Based on the 2022 population of 5,413 and an estimated 2,074 housing units, LIHTC-funded affordable housing comprises approximately 0.39% of the estimated housing inventory in this zip code.
The LIHTC projects in zip code 43777 have received $375,019 in tax credits, with an average of $46,877 per unit. This funding represents 0.09% of Ohio's total LIHTC allocations, indicating a modest yet notable investment in affordable housing for this area. Affordable housing has been present in this zip code for over three decades, with the first LIHTC project, Village Green Phase II, completed in 1989, and the most recent project, Village Green Apts, finished in 2014.
The data does not provide a detailed breakdown of unit types for these projects. However, it is noteworthy that all 8 units are classified as low-income units, suggesting a focused effort to provide housing for lower-income residents in the area. Over the past decade, zip code 43777 has experienced fluctuations in population, with a general upward trend from 5,327 in 2010 to 5,413 in 2022. The median income has also shown an overall increase, rising from $34,452 in 2013 to $47,955 in 2022, potentially indicating a growing need for affordable housing options as the cost of living increases.
The racial composition of zip code 43777 has remained predominantly white, with a slight increase in diversity. The percentage of residents identifying as two or more races increased from 2% in 2013 to 2% in 2022, while the white population slightly decreased from 97% to 97% during the same period. Despite these demographic shifts, no new LIHTC projects have been completed since 2014. This could suggest that other affordable housing initiatives or programs may be addressing the area's needs, or that the existing LIHTC units are sufficient for the current demand.
Zip code 43777 has a small but established LIHTC-funded affordable housing inventory, representing a minor portion of the estimated housing stock. While the area has seen demographic changes, including population growth and increased median income, LIHTC development has been static since 2014. The existing projects, though limited in number, provide targeted support for low-income residents in this predominantly white, rural community. Further research into other affordable housing programs and local economic factors would provide a more comprehensive understanding of the area's housing landscape and needs.
