# Franklin County

### Summary

24.2%  
share of renter households  
46.0%  
share of low-income households  
39.9%  
share of rent-burdened households

### Renter population data

| Households                       | % share  |
|----------------------------------|----------|
| Renter households                 | 6,161    |
| Homeowner households              | 19,312   |
| Total households                  | 25,473   |
| Low-income renter households      |  2,834   |

| Renter households by income group                | Households | % share  |
|-------------------------------------------------|------------|----------|
| Extremely low-income (≤30% AMI)                  | 917        | 14.9%    |
| Very low-income (31-50% AMI)                     | 658        | 10.7%    |
| Low-income (51-80% AMI)                           | 1,259      | 20.4%    |
| All low-income households (<80% AMI)              | 2,834      | 46.0%    |

### Rent-burdened households

| Share of income spent on rent       | Households | % share  |
|-------------------------------------|------------|----------|
| Moderately rent-burdened            | 1,150      | 18.7%    |
| 30.0–34.9%                          | 390        | 6.3%     |
| 35.0–39.9%                          | 305        | 5.0%     |
| 40.0-49.9%                          | 455        | 7.4%     |
| Severely rent-burdened              | 1,311      | 21.3%    |
| ≥50.0%                               | 1,311      | 21.3%    |
| All rent-burdened households        | 2,461      | 39.9%    |

### Affordable housing shortage

| Metric                               | Amount ($)    |
|---------------------------------------|----------------|
| Median household income (2010)       | 25,111         |
| Median household income (2021)       | 36,794         |
| Increase (2010–2021)                 | 46.5%          |
| Median rent (2010)                   | 513            |
| Median rent (2021)                   | 680            |
| Increase (2010–2021)                 | 32.6%          |

| Units                               | Amount    |
|-------------------------------------|-----------|
| Supply (current stock)              | 12,448    |
| Demand (total units needed)         | 1,438     |
| Shortage                            | -5,468    |
| Total shortage                       | -5,468    |
| Supply/demand ratio                 | 865.6%    |

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

| Name                                      | Type                       | Year | Number of units | Income ceiling | LIHTC allocation |
|-------------------------------------------|----------------------------|------|----------------|----------------|------------------|
| HIGHBRIDGE OVERLOOK                       | New construction           | 2014 | N/A            | 10452          | $1,804,887       |
| IRVINGTON FAMILY APTS                     | New construction           | 2007 | N/A            | 94538          | $1,378,252       |
| HILLTOP VILLAGE                           | New construction - Acquisition and Rehab | 2012 | N/A | 32208 | $504,385       |
| HUNTINGTON RESERVE                        | NA                         | 2006 | N/A            | 32773          | $424,046         |
| HOLT + HAMILTON FAMILY APARTMENTS        | New construction           | 2016 | N/A            | 91768          | $1,557,010       |
| INTERVALE GARDENS LLC                     | New construction           | 2008 | N/A            | 10459          | $659,087         |
| HOMES OF RENAISSANCE PRESERVE II         | New construction           | 2012 | N/A            | 33905          | $1,510,000       |
| JEFFERSON BOULEVARD & FIFTH AVENUE APTS | New construction           | 2013 | N/A            | 90018          | $674,261         |
| IMPERIAL GARDENS FAMILY APTS              | New construction           | 2009 | N/A            | 92243          | $1,142,750       |
| HOLLY HEIGHTS I + II APARTMENTS          | Acquisition and Rehab      | 2016 | N/A            | 95490          | $435,816         |
| HILTON SENIOR APTS                        | New construction           | 2007 | N/A            | 14468          | $242,084         |
| JEFFERSON AVENUE                          | New construction           | 2020 | N/A            | 14208          | $0               |
| INGRAM PRESERVATION                       | Acquisition and Rehab      | 2005 | N/A            | 90026          | $390,500         |
| JACOB'S HILL                             | New construction           | 2006 | N/A            | 10567          | $1,420,505       |
| HOWARD AVENUE CLUSTER                    | Acquisition and Rehab      | 2006 | N/A            | 11233          | $50,769          |
| HUNTINGTON RESERVE                        | NA                         | 2006 | N/A            | 32773          | $424,046         |  
| HICKORY HILL                             | Acquisition and Rehab      | 2006 | N/A            | 32304          | $1,038,070       |