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Delaware, Ohio: Three Decades of Affordable Housing Through LIHTC
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Delaware, Ohio, a city with an estimated population of 54,651 as of 2022, has utilized the Low-Income Housing Tax Credit (LIHTC) program to provide affordable housing options. The city's LIHTC-funded affordable housing inventory comprises 164 total units, with 92 designated as low-income units. These units represent approximately 0.78% of the city's total housing stock, estimated at 20,939 units.
Delaware has received $297,041 in project tax credits through the LIHTC program, funding approximately 6 projects. This translates to an average of $49,507 in federal funding per project and $1,811 per unit. The city holds 0.07% of the total state LIHTC funding, suggesting other areas in Ohio may have received a larger share of the credits.
The LIHTC program has supported affordable housing in Delaware since 1990, with the first project being Muirwood Village At Lexington Glenn. The most recent projects, Delaware Place and Sunnyview Square Apts, were completed in 2013. This 23-year span demonstrates a consistent commitment to affordable housing development in the city. The 2010s saw the most activity, with three projects completed during this decade: Arthur Place (2009), Delaware Place (2013), and Sunnyview Square Apts (2013).
The LIHTC-funded projects in Delaware offer a variety of unit types to accommodate different household sizes. The inventory includes 25 one-bedroom units, 97 two-bedroom units, 30 three-bedroom units, and 4 four-bedroom units. This distribution suggests a focus on housing for small to medium-sized families.
Delaware has experienced significant population growth, increasing from 44,278 in 2010 to 54,651 in 2022, a 23.4% growth rate. This may have contributed to the need for additional affordable housing options. The median income in Delaware has also risen substantially, from $68,845 in 2013 to $90,345 in 2022. Despite this overall increase in income, the continued development of LIHTC projects suggests an ongoing need for affordable housing options for lower-income residents.
Racial demographics in Delaware have shown changes over the past decade. The white population remains the majority but has decreased from 91% in 2013 to 83% in 2022. There have been slight increases in the Asian, Black, Hispanic, and multiracial populations. This growing diversity may influence future affordable housing needs and development strategies.
Delaware's LIHTC-funded affordable housing inventory, while modest in comparison to the overall housing stock, has provided important housing options for low-income residents over the past three decades. The city has seen consistent development of affordable housing projects, with a particular focus in the 2010s. The diverse unit types available cater to various household sizes, reflecting the changing demographics of the city. As Delaware continues to grow and diversify, ongoing assessment and development of affordable housing options will be crucial to meet the needs of its evolving population.
