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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 43230, located in Gahanna, Ohio, contains 121 affordable housing units funded by Low-Income Housing Tax Credit (LIHTC), with 76 designated as low-income units. These units represent 0.53% of the total housing inventory in this zip code, based on the 2022 population of 59,380 and an estimated 22,751 housing units.
The LIHTC projects in zip code 43230 have received $1,512,612 in tax credits, averaging $12,501 per unit. This funding represents 0.36% of Ohio's total LIHTC allocation, indicating a modest investment in affordable housing for this area.
Affordable housing development in zip code 43230 spans over three decades. The first LIHTC project, Appian Way Apartments, was completed in 1989, while the most recent addition, North Hamilton Road Senior Housing, was finished in 2014. The 1990s and 2000s saw the most activity in affordable housing development, with projects like Walnut Creek Townhomes (1995), Beckley Townhomes (2003), and Stygler Village Apartments (2005) being completed during this period.
The LIHTC funded housing in zip code 43230 offers a range of unit types, including 4 one-bedroom units, 38 two-bedroom units, 52 three-bedroom units, and 4 four-bedroom units. This distribution suggests a focus on accommodating families of various sizes within the affordable housing inventory.
Over the past decade, zip code 43230 has experienced population growth, increasing from 53,227 in 2013 to 59,380 in 2022. Median income has risen from $81,772 in 2013 to $83,225 in 2022, with fluctuations in between. The racial composition has become more diverse, with the white population decreasing from 78% in 2013 to 66% in 2022, while the Black population increased from 14% to 20%, and the Asian population grew from 3% to 4% during the same period.
No new LIHTC projects have been completed in zip code 43230 since 2014. This could be due to various factors, including changes in local housing policies, shifts in funding priorities, or a focus on other affordable housing initiatives not captured in the LIHTC data.
Zip code 43230 has an established foundation of LIHTC funded affordable housing, developed over three decades. The current inventory provides crucial low-income units to the community, despite representing a small percentage of the total housing stock. The area has experienced population growth and increasing diversity over the past decade, which may influence future affordable housing needs. The absence of new LIHTC projects since 2014 suggests that affordable housing development strategies in this zip code may be evolving, potentially in response to changing demographics and economic conditions.