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Affordable Housing Landscape in Delta, Ohio's Zip Code 43515: Three Decades of LIHTC Implementation
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 43515, located in Delta, Ohio, contains 66 affordable housing units funded by the Low-Income Housing Tax Credit (LIHTC) program. These units, all designated as low-income, represent approximately 2.09% of the estimated 3,157 housing units in the area, based on the 2022 population of 8,241.
The LIHTC program has supported affordable housing in zip code 43515 since 1989, with the most recent project completed in 1991. This indicates over three decades of affordable housing presence in the area. The 1980s saw the highest LIHTC funded housing development activity, with three projects completed in 1989: Delta Villas 1, Delta Villas 2, and Oakview Apts. The final project, Delta Villas, was completed in 1991.
Zip code 43515 has experienced demographic changes over the past decade. The population decreased from 9,168 in 2015 to 8,241 in 2022. Despite this decline, the median income increased from $63,390 in 2015 to $69,636 in 2022. This rise in median income may partially explain the absence of new LIHTC projects in recent years.
The racial distribution in zip code 43515 has remained predominantly white, decreasing slightly from 94% in 2015 to 89% in 2022. The Hispanic population increased from 4% in 2015 to 9% in 2022. The area has consistently shown very low percentages of other racial groups throughout this period.
Zip code 43515 in Delta, Ohio, maintains a modest LIHTC funded affordable housing inventory, covering about 2.09% of the estimated housing units. The area experienced significant LIHTC activity in the late 1980s and early 1990s, with no new projects recorded since then. Despite a slight population decrease, the area has seen an increase in median income over the past decade, potentially influencing the lack of recent LIHTC development. The racial composition has remained relatively stable, with a slight increase in Hispanic population. These demographic trends provide context for understanding the current state of affordable housing in this zip code.
