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Affordable Housing Landscape in Wintersville: LIHTC's Two-Decade Impact
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Wintersville, located in Ohio, has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory that contributes to the city's housing needs. The city has a total of 106 affordable housing units, with 70 of these designated as low-income units. Based on the 2022 population of 5,772 and the estimated housing inventory of 2,211 units, the LIHTC funded affordable housing covers approximately 4.8% of the city's estimated housing stock.
Wintersville has received $851,873 in project tax credits from the LIHTC program for affordable housing. With two approximate projects, this translates to an average federal funding of $425,936 per project. The average federal funding per unit is $8,037. Wintersville holds 0.2% of the total state funding for LIHTC projects in Ohio.
The first LIHTC project in Wintersville, Meridian Greene, was completed in 2003, while the most recent project, Meridian Greene II, was finished in 2007. This indicates that affordable housing has been present in the city for at least 19 years. The 2000s decade saw the most affordable housing projects completed in the city.
The LIHTC funded projects in Wintersville consist primarily of two-bedroom units, with 102 two-bedroom units and 4 one-bedroom units. This distribution suggests a focus on accommodating small families or couples in the affordable housing inventory.
Over the last decade, Wintersville has experienced some fluctuations in its population, with a slight overall increase from 5,675 in 2010 to 5,772 in 2022. The median income has shown an upward trend, rising from $39,678 in 2013 to $56,589 in 2022. This increase in median income might indicate a growing economic stability in the area.
Regarding race distribution, Wintersville has maintained a predominantly white population, with the percentage consistently above 85% throughout the decade. The Black population has slightly decreased from 9% in 2013 to 6% in 2022, while the Hispanic population has remained stable at around 1-2%.
Wintersville's LIHTC funded affordable housing inventory covers a small portion of the city's estimated housing stock. The city has received federal funding for two projects, completed in the early 2000s, focusing primarily on two-bedroom units. While the population has remained relatively stable over the past decade, the median income has shown a significant increase. The racial composition of the city has remained predominantly white, with slight decreases in the Black population percentage. These demographic trends provide context for understanding the affordable housing landscape in Wintersville.
