The LIHTC funded housing in zip code 44110 primarily consists of one-bedroom units (670), followed by two-bedroom units (243), with a smaller number of three-bedroom (29) and four-bedroom (15) units. This distribution suggests a focus on housing for individuals and small families.

Over the past decade, the population in zip code 44110 has been steadily declining, from 20,834 in 2013 to 17,851 in 2022. Despite this population decrease, the median income has shown a slight increase, rising from $25,407 in 2013 to $26,833 in 2022. This could indicate a changing economic landscape in the area.

The racial demographics in zip code 44110 have also shifted slightly. The Black population has decreased from 83% in 2013 to 75% in 2022, while the percentage of residents identifying as two or more races has increased from 1% to 8% during the same period. The White population has remained relatively stable, increasing slightly from 13% to 15%.

These demographic changes, particularly the declining population and slight increase in median income, may explain why no new LIHTC projects have been built in zip code 44110 in the last decade. The existing affordable housing stock may be sufficient to meet the current needs of the community.

Zip code 44110 in Cleveland, Ohio, has a substantial LIHTC funded affordable housing inventory, covering about 14.1% of the estimated housing units. The area has seen consistent investment in affordable housing from 1989 to 2008, with the most development occurring in the 2000s. The housing stock is predominantly composed of one-bedroom units, suggesting a focus on individual and small family housing needs. While the population has been declining over the past decade, the median income has slightly increased, and there have been subtle shifts in racial demographics. These factors may have influenced the lack of new LIHTC projects in recent years, as the existing affordable housing stock may be meeting the current needs of the community.