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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Southern Dayton View, a neighborhood in Dayton, Ohio, has a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood contains 51 LIHTC units, all designated as low-income. Based on the 2022 population of 1,798 and an estimated 689 housing units, LIHTC funded affordable housing represents approximately 7.4% of the neighborhood's estimated housing inventory.
The LIHTC program has invested $206,096 in tax credits for affordable housing projects in Southern Dayton View, averaging approximately $4,041 per unit. LIHTC-funded affordable housing projects in the area span over three decades, with the first projects completed in 1989 and the most recent, Cambridge House Apartments, finished in 2020.
The LIHTC-funded housing in Southern Dayton View offers a range of unit types, including 18 efficiencies, 2 one-bedroom units, and 25 two-bedroom units. This distribution accommodates various household sizes, from individuals to small families.
Southern Dayton View has experienced a significant population decline over the past decade, from 2,761 in 2013 to 1,798 in 2022. Despite this decrease, the median income has increased from $18,784 in 2013 to $27,274 in 2022, indicating a changing economic landscape in the neighborhood.
The racial composition of Southern Dayton View has remained predominantly Black, with a slight decrease from 93% in 2013 to 89% in 2022. The white population has increased from 1% to 9% over the same period. The completion of Cambridge House Apartments in 2020 aligns with these demographic shifts, potentially addressing evolving housing needs in the community.
Southern Dayton View's LIHTC-funded affordable housing inventory represents a significant portion of the neighborhood's estimated housing stock. The area has seen continuous investment in affordable housing over three decades, with the most recent and largest project completed in 2020. Despite a declining population, the neighborhood has experienced an increase in median income, which may influence future affordable housing needs. The diverse unit types in LIHTC projects cater to various household sizes, reflecting an effort to meet different housing requirements within the community. As the neighborhood continues to evolve demographically and economically, ongoing assessment of affordable housing needs will be crucial for maintaining a balanced and inclusive community.