Loading Content...
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 45458 in Centerville, Ohio, has a population of 37,226 as of 2022 and covers an area of 21.04 square miles. The Low-Income Housing Tax Credit (LIHTC) program has funded one affordable housing project in this zip code, providing a total of 100 units, with 1 designated as a low-income unit. Based on the estimated housing inventory of 14,263 units, the LIHTC-funded affordable housing covers approximately 0.7% of the zip code's housing stock.
The LIHTC program has allocated $422,037 in tax credits to this zip code for affordable housing development. This translates to an average federal funding of $4,220 per unit. This funding represents 0.1% of the total LIHTC allocation for the state of Ohio.
The sole LIHTC-funded project in this zip code is the St Leonard Center, completed in 1997. This project has been providing affordable housing options in the area for over 25 years. The St Leonard Center consists of 75 one-bedroom units and 25 two-bedroom units, catering to various household sizes and needs.
Over the past decade, the zip code has experienced steady population growth, increasing from 31,331 in 2013 to 37,226 in 2022. The median income has risen from $90,376 in 2013 to $109,588 in 2022, indicating a trend towards higher-income households in the area.
The racial composition of the zip code has remained relatively stable, with a decrease in the white population from 82% in 2013 to 77% in 2022. There has been an increase in diversity, with the Asian population growing from 6% to 8%, and the Hispanic population increasing from 1% to 5% during this period.
Despite the population growth and rising median income, there have been no new LIHTC projects in the last decade. This could be attributed to the area's high median income, which may reduce the perceived need for additional low-income housing developments.
Zip code 45458 in Centerville, Ohio, has a single LIHTC-funded affordable housing project, the St Leonard Center, which has been serving the community since 1997. While this project provides 100 units of affordable housing, it represents a small fraction of the estimated housing inventory in the area. The zip code has experienced population growth and increases in median income over the past decade, potentially influencing the lack of new LIHTC developments. As the area continues to evolve demographically, ongoing assessment of affordable housing needs may be necessary to ensure a balanced housing market for all income levels.