# Franklin County

### Summary

- **21.8%** share of renter households  
- **47.7%** share of low-income households  
- **46.7%** share of rent-burdened households

### Renter population data

Renters vs homeowners

| Households                | % share  |
|---------------------------|----------|
| Renter households         | 992      |
| Homeowner households      | 3,567    |
| Total households          | 4,559    |

Low-income renter households

| Households                  | % share  |
|-----------------------------|----------|
| Extremely low-income        | ≤30% AMI | 165      |
| Very low-income             | 31-50% AMI | 114     |
| Low-income                  | 51-80% AMI | 194     |
| All low-income households    | <80% AMI | 473      |

Rent-burdened households

| Share of income spent on rent | Households | % share  |
|-------------------------------|------------|----------|
| Moderately rent-burdened     | 238        | 24.0%    |
| 30.0–34.9%                   | 110        | 11.1%    |
| 35.0–39.9%                   | 25         | 2.5%     |
| 40.0-49.9%                   | 103        | 10.4%    |
| Severely rent-burdened       | 225        | 22.7%    |
| ≥50.0%                       | 225        | 22.7%    |
| All rent-burdened households  | 463        | 46.7%    |

### Affordable housing shortage

Rent vs median household income

| Year       | Median household income ($) | Median rent ($) | Increase (%) |
|------------|------------------------------|-----------------|--------------|
| 2010       | 17,448                       | 464             |              |
| 2021       | 26,563                       | 649             | 52.2%        |
|            |                              |                 | 39.9%        |

Affordable housing stock

| Units                                 | Amount         |
|---------------------------------------|----------------|
| Supply (current stock)                | 406            |
| Demand (total units needed)           | 255            |
| Shortage                               | -41            |
| Total shortage                         | -41            |
| Supply/Demand ratio                   | 159.2%         |

### HUD National Low Income Housing Tax Credit (LIHTC) Database

| Name                           | Type                          | Year | Zipcode | Market Rate | Low-income | Amount          |
|--------------------------------|-------------------------------|------|---------|-------------|------------|-----------------|
| HIGHBRIDGE OVERLOOK           | New construction              | 2014 | 10452   | N/A         | N/A        | $1,804,887      |
| IRVINGTON FAMILY APTS         | New construction              | 2007 | 94538   | N/A         | N/A        | $1,378,252      |
| HILLTOP VILLAGE               | New construction - Acquisition | 2012 | 32208   | N/A         | N/A        | $504,385        |
| HUNTINGTON RESERVE             | NA                            | 2006 | 32773   | N/A         | N/A        | $424,046        |
| HOLT + HAMILTON FAMILY APARTMENTS | New construction           | 2016 | 91768   | N/A         | N/A        | $1,557,010      |
| INTERVALE GARDENS LLC         | New construction              | 2008 | 10459   | N/A         | N/A        | $659,087        |
| HOMES OF RENAISSANCE PRESERVE II  | New construction           | 2012 | 33905   | N/A         | N/A        | $1,510,000      |
| JEFFERSON BOULEVARD & FIFTH AVENUE APTS | New construction         | 2013 | 90018   | N/A         | N/A        | $674,261        |

*... more entries follow in similar structure ...*