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Affordable Housing Trends in Columbus, Ohio: A Focus on Zip Code 43119's LIHTC Projects
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 43119 in Columbus, Ohio, contains 468 total units in Low-Income Housing Tax Credit (LIHTC) funded projects, with 288 units designated as low-income. Based on the 2022 population of 29,757 and an estimated 11,401 housing units, LIHTC funded affordable housing comprises approximately 4.1% of the zip code's housing inventory.
The LIHTC projects in this zip code have received $1,070,992 in tax credits, averaging about $2,289 per unit in federal funding. This funding represents 0.25% of Ohio's total LIHTC allocation. Affordable housing has been present in this zip code for over three decades, with the first LIHTC project completed in 1990 and the most recent in 2001.
The LIHTC funded housing in zip code 43119 offers a mix of unit types, with 5 one-bedroom units, 236 two-bedroom units, and 92 three-bedroom units, catering to various household sizes and needs.
Over the past decade, zip code 43119 has experienced population fluctuations with a general upward trend, increasing from 28,057 in 2013 to 29,757 in 2022. The median income has risen from $65,318 in 2013 to $81,896 in 2022, suggesting an overall improvement in economic conditions.
The racial composition of the area has remained relatively stable, with a slight decrease in the white population from 79% in 2013 to 73% in 2022. There has been a small increase in diversity, with slight growth in Asian, Black, and Hispanic populations. No new LIHTC projects have been completed in this zip code since 2001, possibly due to the rising median income and relatively stable population.
Zip code 43119 in Columbus, Ohio, has an established affordable housing presence through the LIHTC program, with 468 LIHTC funded units covering about 4.1% of the estimated housing inventory. The majority of these projects were developed in the 1990s. The zip code has seen a gradual increase in population and a significant rise in median income over the past decade. While the affordable housing stock provides options for various household sizes, ongoing assessment of housing needs may be necessary to ensure it continues to meet the evolving demographics of the area.
