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Affordable Housing in Glenwood: A Decades-Long Commitment Amidst Demographic Shifts
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 neighborhood of Glenwood in Philadelphia, Pennsylvania, demonstrates a significant presence of affordable housing funded by Low-Income Housing Tax Credit (LIHTC). The area contains 123 units in LIHTC funded projects, with 69 designated as low-income units. Based on the 2022 population of 2,945 and an estimated 1,128 housing units, LIHTC funded affordable housing comprises approximately 10.9% of the neighborhood's estimated housing inventory.
LIHTC projects in Glenwood have received $2,395,659 in project tax credits, averaging about $19,477 per unit in federal funding. The neighborhood's commitment to affordable housing spans 27 years, with the first LIHTC project, Garnet House, completed in 1988, and the most recent, New Courtland Apts @ Allegheny, finished in 2015. The 1990s were particularly active for affordable housing development in Glenwood, with projects such as Allegheny Hall Apts (1991) and Edgewood Manor Apts II (1996) being completed.
The distribution of unit types in LIHTC projects indicates a focus on family-sized accommodations, with 51 two-bedroom and 57 three-bedroom units, alongside 14 one-bedroom units. This unit mix suggests an emphasis on housing for families within the affordable housing stock of Glenwood.
Glenwood has experienced demographic changes over the past decade. The population decreased from 3,955 in 2010 to 2,945 in 2022, a decline of approximately 25.5%. Despite this population decrease, the median income has increased from $15,866 in 2019 to $21,234 in 2022, representing a rise of about 33.8%.
The racial composition of Glenwood has also evolved. While the neighborhood remains predominantly African American, the percentage has decreased from 96% in 2013 to 81% in 2022. Concurrently, there has been an increase in Hispanic residents, from 3% in 2013 to 12% in 2022, and a slight increase in white residents from less than 1% to 5% over the same period.
The most recent LIHTC project in Glenwood was completed in 2015, coinciding with a period of relative demographic stability. Subsequent years have seen more significant changes, which may influence future affordable housing needs and development in the area.
Glenwood's LIHTC funded affordable housing inventory plays a substantial role in the neighborhood's housing landscape. The area has benefited from consistent affordable housing development over nearly three decades, with a focus on family-sized units. While the population has decreased in recent years, rising median incomes and shifting racial demographics suggest a changing neighborhood dynamic. These trends may inform future affordable housing strategies in Glenwood, as the community continues to evolve.
