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Affordable Housing in Glendale - Heather Downs: LIHTC's Impact on Toledo Neighborhood
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 Glendale - Heather Downs neighborhood in Toledo, Ohio, demonstrates a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood contains 674 units in LIHTC-funded projects, with 590 designated as low-income units. Based on the 2022 population of 11,054 and using the national average household size, the estimated housing inventory is approximately 4,235 units. LIHTC-funded affordable housing comprises about 15.9% of the estimated housing inventory, aligning with the target percentage for a balanced community.
The LIHTC program has invested substantially in this neighborhood, with project tax credits totaling $1,279,219. This equates to an average federal funding of approximately $1,898 per unit in LIHTC-funded projects. The neighborhood has experienced consistent development of affordable housing over nearly two decades, with the first project completed in 1999 and the most recent in 2015.
The 2010s saw the most affordable housing activity, with three projects completed during this decade: The Lakewoods Phase III (2011), Arlington By The Lake (2014), and Commons At Garden Lake (2015). This indicates a sustained effort to increase affordable housing options in the area.
The affordable housing inventory in Glendale - Heather Downs is diverse, consisting of 1 efficiency unit, 372 one-bedroom units, 296 two-bedroom units, and 5 three-bedroom units. This distribution suggests a focus on accommodating various household sizes, with a particular emphasis on smaller households.
Over the past decade, the neighborhood's population has remained relatively stable, fluctuating between 11,000 and 12,000 residents. The median income has shown some variability, ranging from about $48,600 to $52,600, with the most recent data showing $50,248 in 2022. This moderate income level supports the continued need for affordable housing options in the area.
Racial demographics have remained fairly consistent, with the white population representing the majority (70-78% over the past decade). There has been a slight increase in diversity, with small growth in Asian and multiracial populations. The Black population has remained stable at around 14-16% of the total.
The Glendale - Heather Downs neighborhood demonstrates a substantial commitment to affordable housing through its LIHTC-funded projects. The 674 units, with 590 designated as low-income, represent a significant portion of the estimated housing inventory. The consistent development of affordable housing projects from 1999 to 2015 shows ongoing efforts to meet community needs. The diverse unit types cater to various household sizes, while the demographic trends suggest a stable population with moderate income levels that could benefit from these affordable housing options. This analysis indicates that LIHTC-funded projects play an important role in the neighborhood's housing landscape, contributing to a more balanced and accessible housing market for residents of various income levels.
