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Logan, Ohio: LIHTC-Funded Affordable Housing Inventory Analysis
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Logan, Ohio, a city with a population of 11,512 as of 2022, has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 194 total units, with 193 designated as low-income units. This represents approximately 4.4% of the city's estimated housing stock of 4,411 units.
Logan has received $1,087,634 in project tax credits from the LIHTC program for affordable housing. With approximately 4 projects, this translates to an average federal funding of $271,908 per project and $5,606 per unit. The city holds 0.26% of the total state LIHTC funding.
The first LIHTC project in Logan, Logan Apts, was completed in 1989, while the most recent project, Elm Court Apartments, was finished in 2015. This indicates a 26-year span of LIHTC-funded affordable housing presence in the city. The 2010s saw the most affordable housing projects completed, with two projects: Logan Senior Apts in 2010 and Elm Court Apartments in 2015.
The LIHTC-funded housing inventory in Logan includes 3 one-bedroom units, 100 two-bedroom units, and 32 three-bedroom units. This distribution suggests a focus on accommodating small to medium-sized families.
Over the past decade, Logan's population has shown a slight decline, decreasing from 11,924 in 2013 to 11,512 in 2022. The median income has increased from $42,838 in 2013 to $48,607 in 2022, indicating a gradual improvement in economic conditions.
Regarding racial distribution, Logan has remained predominantly white, with a slight decrease from 97% in 2013 to 92% in 2022. There has been a small increase in diversity, with Hispanic and two or more races categories showing slight growth.
The completion of Elm Court Apartments in 2015 aligns with a period when the city's population was declining and median income was fluctuating. This project may have addressed a need for affordable housing during a time of economic uncertainty for some residents.
Logan's LIHTC-funded affordable housing inventory represents a small but significant portion of its housing stock. The city has maintained a consistent presence of affordable housing projects over nearly three decades, with a focus on two-bedroom units. While the population has slightly declined, the increase in median income and subtle shifts in racial diversity suggest evolving housing needs. The LIHTC program has played a role in addressing these needs, providing affordable options for Logan residents.
