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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Englewood, Ohio, a city with a population of 11,808 as of 2022, encompasses an area of 6.6 square miles. The city's Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory comprises 67 total units, all of which are designated as low-income units. This inventory represents approximately 1.48% of the city's estimated housing stock of 4,524 units.
Englewood's LIHTC funded projects include Gateway Village, completed in 1991, and Englewood Square, completed in 2013. These developments indicate the presence of affordable housing in the city for over three decades. The most recent affordable housing development occurred in the 2010s with the completion of Englewood Square.
Englewood Square, the latest project, contributes 41 two-bedroom units to the city's affordable housing stock. Gateway Village provides an additional 26 units, though the specific unit types are not specified. The total of 67 low-income units demonstrates the city's ongoing effort to provide affordable housing options for its residents.
Englewood's population has remained relatively stable over the past decade, with a slight increase from 11,466 in 2019 to 11,808 in 2022. The median income has shown an overall upward trend, rising from $62,605 in 2019 to $70,030 in 2022. This increase in median income may indicate a growing need for affordable housing options to support lower-income residents.
Racial demographics in Englewood have experienced slight shifts. The white population decreased from 77% in 2019 to 76% in 2021, before returning to 77% in 2022. The Black population increased from 15% in 2019 to 17% in 2021, then decreased to 15% in 2022. The Asian population remained stable at approximately 2%, while the Hispanic population showed a slight increase from 2% to 3% between 2019 and 2021, before decreasing to 1% in 2022. These demographic changes may influence the demand for affordable housing in the city.
Englewood's LIHTC funded affordable housing inventory, though modest, has maintained a consistent presence in the city for over 30 years. The two projects, Gateway Village and Englewood Square, provide a total of 67 low-income units, accounting for approximately 1.48% of the estimated housing stock. The most recent development in 2013 added 41 two-bedroom units, suggesting a focus on family-sized accommodations. While the city's population has remained relatively stable, the increasing median income and slight shifts in racial demographics may influence future affordable housing needs. Continued monitoring of these trends will be essential for addressing the city's evolving affordable housing requirements.