Analysis Compares Ohio HTC Residents to National Counterparts
This brief highlights demographic information on Ohio's LIHTC project residents from 2015 to 2017. Data on residents' income, race and ethnicity, and housing assistance receipt are based on OHFA internal tenant data, which is collected annually from property managers. Ohio specific findings are compared to the nationally-focused blog entry published by Novogradac in March 2018; their Notes from Novogradac blog post aggregated data from HUD's annual report, "Understanding Whom the LIHTC Serves,"" which provides basic characteristics of LIHTC project residents by state. Due to a lag in HUD analysis, OHFA data are two years more current (2015-2017) than HUD data (2013-2015).
Key findings show that overall, LIHTC tenants in Ohio are poorer, less racially and ethnically diverse, and more likely to have a housing voucher than their counterparts nationally. This underscores the continued need for affordable housing in Ohio, which has been documented in the Ohio Housing Needs Assessment.
- Low Income Housing Tax Credit (LIHTC) Report (737 KB Adobe PDF File) New
The Economic Impact of the Housing Tax Credit Program in Ohio: Income, Jobs and Taxes Generated
The National Association of Home Builders (NAHB) was commissioned to estimate the short and long-term direct, indirect, induced, and total economic effects of the Housing Tax Credit Program in terms of employment, tax revenue, and the value added to Ohio's state and local economy. In particular, OHFA asked NAHB to estimate the impacts of 4,608 units of new construction and rehabilitation of existing structures that were cost certified in 2011 and 2012. The NAHB model captures the effect of the construction activity itself and the ripple impact that occurs when income earned from construction activity is spent and recycled in the state.
- Economic Impact of the Housing Tax Credit Program Policy Brief (94 KB Adobe PDF File)