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Affordable Housing in Glenville: LIHTC's Impact on Cleveland Neighborhood's Housing Landscape
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Glenville, a neighborhood in Cleveland, Ohio, has a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood contains 1,019 total units in LIHTC funded projects, with 772 of these designated as low-income units. Based on the 2022 population of 15,210 and using the national average household size, the estimated number of housing units in Glenville is approximately 5,828. The LIHTC funded affordable housing comprises about 17.5% of the estimated housing inventory, which aligns closely with the target percentage for a well-balanced community.
The LIHTC program has invested significantly in Glenville, with project tax credits totaling $8,994,564. This translates to an average federal funding of approximately $8,826 per unit in LIHTC funded projects. The neighborhood has a long history of affordable housing development, with the earliest project, Chn, completed in 1987, and the most recent identified project, Greater Abyssinia, completed in 2012. This span of 25 years demonstrates a sustained commitment to affordable housing in Glenville.
The 1990s saw the most affordable housing activity, with multiple projects completed during this decade, including Lee Orville Apts, Northeastern Neighborhood Homes, and Glenville Apts. The early 2000s also saw continued development, with projects like Glenville Elderly and Cleveland New Construction III. Glenville's LIHTC funded housing stock is diverse, offering a range of unit sizes to accommodate different household needs. The inventory includes 105 efficiencies, 122 one-bedroom units, 196 two-bedroom units, 308 three-bedroom units, and 203 four-bedroom units. This distribution suggests a focus on accommodating families, with a significant number of larger units available.
Over the past decade, Glenville has experienced some demographic shifts. The population has decreased slightly from 16,808 in 2013 to 15,210 in 2022. However, the median income has shown a positive trend, rising from $22,136 in 2013 to $37,253 in 2022, indicating improving economic conditions for residents.
The racial composition of Glenville has remained relatively stable, with a predominantly Black population. In 2013, 92% of residents identified as Black, compared to 87% in 2022. There has been a slight increase in diversity, with small increases in the percentage of White, Hispanic, and multiracial residents.
The lack of new LIHTC projects in recent years might be attributed to the rising median income and the existing affordable housing stock meeting a significant portion of the neighborhood's needs. However, it is important to note that other affordable housing programs may be operating in the area, complementing the LIHTC-funded inventory.
Glenville's LIHTC funded affordable housing inventory represents a substantial portion of the neighborhood's estimated housing stock, closely aligning with recommended targets for balanced communities. The neighborhood has benefited from sustained investment in affordable housing over several decades, resulting in a diverse range of unit types to serve various household sizes. While demographic trends show a slight population decrease, rising median incomes suggest improving economic conditions. The existing affordable housing stock, developed primarily in the 1990s and early 2000s, continues to play a crucial role in meeting the community's housing needs.
