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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Milo-Grogan, a neighborhood in Columbus, Ohio, possesses a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The area contains 88 total units in LIHTC-funded projects, all designated as low-income units. Based on the 2022 population of 2,098 and an estimated 804 housing units, LIHTC-funded affordable housing comprises approximately 10.9% of the neighborhood's estimated housing inventory.
The LIHTC program has invested $868,104 in tax credits for affordable housing projects in Milo-Grogan. This equates to an average federal funding of $9,865 per unit. The neighborhood experienced LIHTC-funded affordable housing development from 1988 to 2004, indicating a 16-year period of affordable housing investment.
The earliest project, Oakwood Apts, was completed in 1988, while the most recent, Fairview Homes, was finished in 2004. The 1980s saw the most activity, with three projects completed during this decade: Oakwood Apts, Meeks Rentals, and Meeks Star Rentals. Although detailed unit breakdowns are not available for most unit types, 71 four-bedroom units are present in the LIHTC-funded projects. This suggests a focus on accommodating larger families within the affordable housing inventory.
Over the past decade, Milo-Grogan has experienced significant demographic shifts. The population has grown from 1,506 in 2016 to 2,098 in 2022, a 39% increase. Concurrently, the median income has risen substantially, from $19,632 in 2016 to $33,197 in 2022, representing a 69% increase.
Racial demographics have also evolved. The Black population remains the majority, but its share has slightly decreased from 74% in 2016 to 72% in 2022. The White population has seen a modest increase from 10% to 14% during the same period. The Hispanic population has remained relatively stable, moving from 9% to 7%.
These demographic trends, particularly the rising median income and population growth, may indicate changing housing needs in the neighborhood. The absence of new LIHTC projects since 2004 could be related to these evolving demographics, potentially suggesting a shift in the type of housing demand or development priorities in the area.
Milo-Grogan's LIHTC-funded affordable housing inventory represents a significant portion of its estimated housing stock, covering about 10.9% of units. The neighborhood saw active LIHTC development from 1988 to 2004, with a concentration of projects in the late 1980s. The presence of numerous four-bedroom units indicates a focus on family-oriented affordable housing. While no new LIHTC projects have been developed in recent years, the neighborhood has experienced notable population growth and income increases, potentially influencing current housing needs and development patterns.