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Affordable Housing in Glen: A Decade of LIHTC Development
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 Glen neighborhood in Baltimore, Maryland, possesses a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The area contains 418 total units in LIHTC funded projects, with 416 designated as low-income units. Based on the 2022 population of 7,427 and using the national average household size, the estimated housing units in Glen total approximately 2,846. The LIHTC funded affordable housing comprises about 14.7% of the estimated housing inventory, approaching the target percentage for a well-balanced community.
The LIHTC program has made substantial investments in Glen, with project tax credits amounting to $538,285. This equates to an average federal funding of approximately $1,288 per unit in LIHTC funded projects. The neighborhood has experienced consistent development of affordable housing over time. The earliest recorded LIHTC project, Manhattan Park Elderly, was completed in 2007, while the most recent, Park Heights Apartments, was finished in 2017. This indicates at least a decade of affordable housing presence in Glen.
The 2000s witnessed the most affordable housing activity, with three projects completed during this period. These include Manhattan Park Elderly (2007) and both Weinberg Manor East and West (2009). The housing inventory is diverse, featuring 87 efficiencies, 74 one-bedroom units, and 86 two-bedroom units. This variety accommodates different household sizes and needs within the low-income population.
Over the past decade, Glen's population has exhibited a slight decline, from 8,376 in 2016 to 7,427 in 2022. The median income has fluctuated, rising from $47,637 in 2016 to $46,006 in 2022. Racially, the neighborhood has experienced a gradual shift. The Black population decreased from 52% in 2016 to 47% in 2022, while the White population slightly decreased from 43% to 41%. There has also been a small increase in Asian and Hispanic populations.
These demographic changes, particularly the slight decrease in population and the relatively stable median income, indicate a continued need for affordable housing in Glen. The LIHTC projects, especially the most recent one in 2017, appear to be responding to this ongoing demand.
Glen's LIHTC funded affordable housing inventory plays a significant role in meeting the neighborhood's housing needs. With 416 low-income units, it covers nearly 15% of the estimated housing stock, aligning closely with recommended targets for a balanced community. The consistent development of LIHTC projects over at least a decade demonstrates a sustained commitment to affordable housing in the area. The diverse unit types cater to various household sizes, reflecting an effort to meet different needs within the low-income population. While demographic shifts have occurred, the continued presence of LIHTC projects suggests an ongoing demand for affordable housing in Glen.
