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Affordable Housing in Zip Code 44255: Analysis of LIHTC-Funded Units in Mantua, 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 44255, which includes Mantua in Ohio, contains 33 total units funded by the Low-Income Housing Tax Credit (LIHTC) program, with 6 designated as low-income units. Based on the 2022 population of 6,979 and the national average household size, there are approximately 2,674 housing units in this zip code. LIHTC-funded affordable housing represents about 1.23% of the estimated housing inventory.
LIHTC-funded affordable housing has been present in this zip code since 1989, with the completion of Sandpipers Square Apts. The most recent project, Lamplighter Landings, was completed in 2007, spanning nearly two decades of affordable housing development. The 2000s saw the most significant affordable housing development, with Lamplighter Landings contributing 30 units to the inventory.
The affordable housing stock in this zip code consists of 22 one-bedroom units and 8 two-bedroom units, catering to smaller households and potentially seniors or young professionals.
Over the past decade, the population in zip code 44255 has fluctuated, peaking at 8,370 in 2018 and declining to 6,979 by 2022. No new LIHTC projects have been completed since 2007. The median income has shown an overall upward trend, rising from $58,415 in 2013 to $71,730 in 2022, which might partially explain the lack of recent affordable housing development.
The racial composition of the zip code has remained predominantly white, with a slight decrease from 97% in 2013 to 92% in 2022. There has been a small increase in diversity, with the Hispanic population growing from 2% to 3% and the percentage of residents identifying as two or more races increasing to 3% by 2022.
The 44255 zip code area has a limited LIHTC-funded affordable housing inventory, representing a small fraction of the estimated housing stock. The existing affordable units are primarily one and two-bedroom apartments, suggesting a focus on smaller households. Despite population fluctuations and a general increase in median income over the past decade, there have been no new LIHTC projects since 2007. This analysis provides insight into the affordable housing landscape of the area, but other affordable housing programs may contribute to the overall affordable housing stock beyond what is captured by LIHTC data alone.
