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Glendale's LIHTC-Funded Affordable Housing: A Quantitative Overview
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Glendale, a city in California, has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory that addresses housing needs. The city has 747 total units in LIHTC-funded projects, with 535 designated as low-income units. Based on the estimated 72,501 housing units in the city, LIHTC-funded affordable housing comprises approximately 1.03% of Glendale's housing inventory.
Glendale has received $12,299,961 in project tax credits through the LIHTC program. With 14 approximate projects, this equates to an average federal funding of $878,569 per project and $16,466 per unit. Glendale holds 0.4% of California's total LIHTC funding, indicating its contribution to the state's affordable housing efforts.
The city's involvement with LIHTC-funded affordable housing began in 1992 with the Palmer House project and continued through 2019 with the Vista Grande Court project. This 27-year span demonstrates a long-term commitment to affordable housing development. The 2010s saw the most activity, with multiple projects completed, including Glendale Lights, Gardens on Garfield, and Vassar City Lights all in 2010.
Glendale's LIHTC-funded housing stock includes a mix of unit types: 37 efficiencies, 319 one-bedroom units, 105 two-bedroom units, and 141 three-bedroom units. This range caters to various household sizes and needs within the low-income population.
Over the past decade, Glendale's population has fluctuated, peaking at 203,066 in 2017 before declining to 189,228 in 2022. The median income has shown an upward trend, rising from $50,172 in 2013 to $77,483 in 2022. This income growth may influence the demand for affordable housing.
Racial demographics have remained relatively stable, with the white population consistently representing the majority (around 60-65%). The Hispanic and Asian populations have shown slight fluctuations, generally ranging from 15-20% each. These demographic shifts may impact the need for culturally sensitive affordable housing options.
Glendale's LIHTC-funded affordable housing inventory, while covering a small percentage of the city's estimated housing stock, represents a significant investment in addressing low-income housing needs. The city's consistent development of affordable housing projects over nearly three decades demonstrates an ongoing commitment to this issue. The diverse mix of unit types suggests an effort to accommodate various household sizes within the low-income population. As Glendale's demographics continue to evolve, particularly with rising median incomes, the city may need to reassess and adapt its affordable housing strategies to meet changing needs.
