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Grafton Hill's Affordable Housing: LIHTC's Impact on a Changing Neighborhood
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Grafton Hill, a neighborhood in Dayton, Ohio, has a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The area contains 218 units in LIHTC-funded projects, with 142 designated as low-income units. Based on the 2022 population of 1,308 and using the national average household size, there are approximately 501 housing units in the neighborhood. LIHTC-funded affordable housing comprises about 43.5% of the estimated housing inventory, indicating a substantial contribution to the area's affordable housing needs.
The LIHTC program has invested $396,647 in tax credits for affordable housing projects in Grafton Hill. This equates to an average federal funding of about $1,820 per unit across all LIHTC-funded projects in the neighborhood. Affordable housing has been present in Grafton Hill for over three decades. The earliest LIHTC projects, Regency Apartments and Windsor Apartments, were completed in 1988. The most recent addition, Grand Place Apartments, was finished in 2001. The 1980s saw the most affordable housing development in the neighborhood.
The LIHTC-funded housing stock in Grafton Hill is diverse, with a total of 218 units across three projects. Of these, 49 are one-bedroom units and 21 are two-bedroom units. This distribution suggests a focus on housing for smaller households or individuals.
Over the past decade, Grafton Hill has experienced demographic shifts. The population has remained relatively stable, fluctuating between about 1,100 and 1,400 residents. Median income has shown an upward trend, increasing from $14,220 in 2013 to $21,333 in 2022, representing a 50% increase over this period.
Racial composition in the neighborhood has also changed. The Black population decreased from 57% in 2019 to 42% in 2022, while the White population increased from 28% to 49% during the same period. The Hispanic population and those identifying as two or more races have remained relatively stable at around 3-5% each.
While no new LIHTC projects have been built in the last decade, the existing affordable housing stock continues to play a crucial role in the neighborhood. The rising median income suggests potential changes in housing affordability needs, which may explain the lack of recent LIHTC developments.
Grafton Hill's affordable housing landscape is characterized by a significant LIHTC presence, with projects dating back to the late 1980s. The neighborhood's LIHTC-funded units account for a substantial portion of the estimated housing inventory, potentially meeting a significant part of the area's affordable housing needs. The diversity in unit types suggests accommodation for various household sizes. Demographic shifts, including rising median income and changes in racial composition, may be influencing the current affordable housing landscape in Grafton Hill.
