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Affordable Housing Impact in Goodrich-Kirkland Park: LIHTC Program's Contribution to Neighborhood Diversity
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The Goodrich-Kirkland Park neighborhood in Cleveland, Ohio, maintains a significant inventory of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The area contains 305 affordable units, all designated as low-income. This inventory constitutes approximately 19.4% of the estimated 1,576 housing units in the neighborhood, based on the 2022 population of 4,113 and the national average household size of 2.61. This proportion aligns with the 15-20% target for affordable housing in a balanced community.
The LIHTC projects in Goodrich-Kirkland Park have received $1,209,981 in tax credits, averaging $3,967 in federal funding per unit. Affordable housing has been a consistent feature of the neighborhood, with projects spanning from 1991 to 2001. The first project, Chn Vii, was completed in 1991, while the most recent, Cleveland Housing Network Xviii, was finished in 2001. This period saw the establishment of four LIHTC-funded projects, with the 1990s being the most active decade.
The affordable housing inventory in Goodrich-Kirkland Park is diverse, comprising 19 one-bedroom units, 6 two-bedroom units, 95 three-bedroom units, and 41 four-bedroom units. This distribution indicates a focus on accommodating families of various sizes, particularly larger households. Notably, one project, Cleveland Housing Network Xvii, specifically targets single parents, addressing the unique needs of this demographic.
Over the past decade, the neighborhood's population has remained relatively stable, fluctuating between approximately 4,000 and 4,300 residents. The median income has shown variability, ranging from about $24,000 to $30,000, indicating a persistent need for affordable housing options. Racial demographics have shifted slightly, with a small decrease in the white population (from 37% to 32%) and increases in the Black (22% to 27%) and multi-racial (2% to 7%) populations. The Asian population has remained relatively stable at around 25%.
While no new LIHTC projects have been built in the last decade, the existing inventory continues to serve the community's needs. The relatively stable population and persistent income levels below the area median suggest that the current affordable housing stock remains relevant and necessary. The Goodrich-Kirkland Park's LIHTC-funded affordable housing inventory represents a significant portion of the neighborhood's estimated housing stock, aligning well with recommended targets for affordable housing.
The four projects, built between 1991 and 2001, demonstrate a sustained commitment to affordable housing in the area. The diverse unit types cater to various household sizes, while one project specifically addresses the needs of single parents. Despite no new LIHTC projects in the past decade, demographic trends indicate an ongoing need for affordable housing options in this diverse and evolving neighborhood.
