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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 44685 in Green, Ohio, contains Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The area has 108 total units in LIHTC-funded projects, with 53 designated as low-income units. Based on the 2022 population of 27,283 and an estimated 10,453 housing units, LIHTC-funded affordable housing represents approximately 1.03% of the zip code's estimated housing inventory.
The LIHTC program has invested in this zip code, with project tax credits totaling $1,094,081. This equates to an average federal funding of $10,130 per unit across all LIHTC-funded projects. Zip code 44685 accounts for 0.26% of Ohio's total LIHTC funding, indicating a commitment to affordable housing in the area.
Affordable housing has been present in this zip code from 2004 to 2016. The first project, Retirement Residence of Greene, was completed in 2004, while the most recent, Greensburgh Manor, was finished in 2016. This 12-year period shows a consistent effort to provide affordable housing options.
The 2010s saw recent affordable housing development activity, with Greensburgh Manor being an addition to the inventory. The LIHTC-funded projects in this zip code offer various unit types, with 64 one-bedroom units, 42 two-bedroom units, and 2 three-bedroom units, serving different household sizes and needs.
Over the past decade, zip code 44685 has experienced stable population levels, fluctuating between approximately 26,500 and 27,600 residents. Median income has shown an upward trend, increasing from $76,228 in 2013 to $85,922 in 2022, suggesting an improvement in economic conditions.
The racial composition of the zip code has remained predominantly white, consistently above 90% throughout the decade. There has been a slight increase in diversity, with small increases in Asian, Black, and Hispanic populations, as well as those identifying as two or more races.
Despite the rising median income, the presence of LIHTC projects indicates a continued need for affordable housing options in the area. The most recent project, Greensburgh Manor, completed in 2016, suggests that affordable housing demand persisted even as overall economic indicators improved.
Zip code 44685 in Green, Ohio, demonstrates a commitment to affordable housing through LIHTC-funded projects. While these projects represent a small percentage of the overall housing inventory, they provide low-income housing options. The area has seen stable population levels and increasing median incomes over the past decade, yet the continued development of affordable housing projects indicates an ongoing need to support diverse housing options for residents across various income levels.