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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Hamilton, Ohio, with a population of 78,496 as of 2022, has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 554 total units, with 553 designated as low-income units. This represents approximately 1.84% of the city's estimated 30,075 housing units.
Hamilton has received $2,264,036 in project tax credits for affordable housing through the LIHTC program. With approximately 9 projects, this averages to $251,560 per project and $4,087 per unit. The city holds 0.53% of the total state LIHTC funding.
The affordable housing development in Hamilton spans from 1989 to 2019. The first projects were London Woods and Miami Manor, while the most recent completed project is Neilan Park Apartments. This 30-year period demonstrates a consistent commitment to affordable housing in the city.
The 1980s and early 2000s were the most active periods for affordable housing development, with two projects completed in 1989 (London Woods and Miami Manor) and two in 2004 (YWCA of Hamilton Apts and Knollwood Crossing Phase II).
The LIHTC-funded projects in Hamilton offer diverse unit types. The 554 total units comprise 54 efficiencies, 181 one-bedroom units, 76 two-bedroom units, 41 three-bedroom units, and 4 four-bedroom units, catering to various household sizes and needs within the low-income population.
Hamilton's population has remained relatively stable over the past decade, fluctuating between 78,000 and 79,000 residents. The median income has increased gradually from $50,637 in 2013 to $54,876 in 2022, indicating a modest improvement in economic conditions.
Racial demographics have shifted slightly, with the white population decreasing from 85% in 2013 to 77% in 2022. Concurrently, there has been a small increase in Hispanic population (from 3% to 8%) and those identifying as two or more races (from 1% to 6%). These demographic changes may influence future affordable housing needs and preferences.
Hamilton's LIHTC-funded affordable housing inventory represents a small but significant portion of its housing stock. The city has maintained a consistent approach to affordable housing development over three decades, with projects catering to various household sizes. While the LIHTC program has contributed to the city's affordable housing needs, the current inventory covers less than 2% of the estimated housing units. The gradual increase in median income and evolving racial demographics may influence future affordable housing strategies in Hamilton.