Toledo, Ohio, a city with an industrial heritage, has 5,123 total units of affordable housing funded through the Low-Income Housing Tax Credit (LIHTC) program, with 4,257 designated as low-income units. This represents approximately 5% of the city's estimated 102,026 housing units. The LIHTC program has provided $19,945,593 in project tax credits for affordable housing in Toledo, averaging $221,617 per project and $3,893 per unit. Toledo's LIHTC funding accounts for 4.69% of Ohio's total state allocation.

Toledo's LIHTC-funded projects span from 1988 to 2019, with the most significant development activity occurring in the 2000s. The inventory includes 310 efficiencies, 1,074 one-bedroom units, 1,250 two-bedroom units, 443 three-bedroom units, and 537 four-bedroom units. One notable project, Renascence Ottawa Area Residences, completed in 2001, focuses on single-parent households.

Toledo's population has declined from 284,022 in 2012 to 266,289 in 2022. However, the median income has increased from $31,907 in 2013 to $47,365 in 2022, indicating a changing economic landscape. Racial demographics have shown a slight increase in diversity, with the white population decreasing from 62% in 2013 to 56% in 2022, and the Black population increasing slightly from 26% to 27%. The Hispanic population has remained steady at around 9%, while individuals identifying as two or more races increased from 3% in 2013 to 6% in 2022.