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Affordable Housing in Broadway East: LIHTC's Three-Decade Impact
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Broadway East, a neighborhood in Baltimore, Maryland, has a significant history of affordable housing development through the Low-Income Housing Tax Credit (LIHTC) program. The area contains 233 units in LIHTC-funded projects, with 160 designated as low-income units. Based on the 2022 population of 3,235 and using the national average household size, the neighborhood is estimated to have approximately 1,239 housing units. LIHTC-funded affordable housing comprises about 18.8% of the estimated housing inventory, aligning with target percentages for a well-balanced community.
The LIHTC projects in Broadway East have received $1,174,776 in tax credits, averaging about $5,042 per unit. This investment demonstrates a commitment to affordable housing in the area. The neighborhood has seen LIHTC projects developed over nearly three decades, from 1989 to 2016. The 1990s and 2000s were particularly active for affordable housing development in Broadway East, with notable projects including Newington Apts (1991), Coel-Grant-Higgs Senior Center (2002), and Collington Commons (2007).
The LIHTC-funded housing stock in Broadway East is diverse, accommodating various household sizes. The inventory includes 9 efficiencies, 127 one-bedroom units, 54 two-bedroom units, and 4 three-bedroom units. This distribution predominantly caters to smaller households, with one-bedroom units constituting the majority of the affordable housing stock.
Over the past decade, Broadway East has experienced demographic shifts that may correlate with its affordable housing landscape. The population decreased from 3,579 in 2013 to 3,235 in 2022, a decline of about 9.6%. Despite this population decrease, the median income has shown a positive trend, rising from $19,393 in 2013 to $40,052 in 2022, more than doubling over this period.
The racial composition of Broadway East has remained predominantly Black, though with some changes. The Black population percentage decreased slightly from 96% in 2013 to 89% in 2022. There has been a small increase in diversity, with the Hispanic population growing from 0% to 6% and the percentage of residents identifying as two or more races increasing from 0% to 2% during this period. These demographic shifts, particularly the rising median income, may have influenced the pace of LIHTC development in recent years. The last recorded LIHTC project completion was in 2016.
Broadway East demonstrates a significant presence of LIHTC-funded affordable housing, with projects spanning nearly three decades. The neighborhood's affordable housing stock, covering about 18.8% of the estimated housing inventory, aligns with targets for a balanced community. The mix of unit types, predominantly one-bedroom apartments, reflects a focus on smaller households. While the population has slightly decreased over the past decade, median incomes have risen substantially. These demographic shifts, along with subtle changes in racial composition, may influence current and future affordable housing needs in the neighborhood.
