Loading Content...
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Atlantic Boulevard Estates, a neighborhood in Jacksonville, Florida, has a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood's LIHTC inventory comprises 132 total units, with 118 designated as low-income units. This substantial number of affordable housing units plays a crucial role in meeting the community's housing needs.
Based on the 2022 population of 3,967 and using the national average household size of 2.61, the estimated number of housing units in the neighborhood is approximately 1,520. The LIHTC-funded affordable housing units represent about 8.7% of this estimated housing inventory, indicating a substantial contribution to the neighborhood's affordable housing stock.
The LIHTC program has invested $429,192 in tax credits for affordable housing projects in Atlantic Boulevard Estates. This investment translates to an average federal funding of approximately $3,251 per unit when divided by the total number of LIHTC-funded units (132). The neighborhood's LIHTC-funded affordable housing is represented by a single project, Brookwood Forest, which was completed in 2006. This project has been providing affordable housing options to the community for over 15 years.
Brookwood Forest offers a range of unit types to accommodate various household sizes. The project includes 28 one-bedroom units, 84 two-bedroom units, 16 three-bedroom units, and 4 four-bedroom units. This distribution suggests a focus on accommodating small to medium-sized families, with the majority of units being two-bedroom apartments.
Over the past decade, Atlantic Boulevard Estates has experienced demographic shifts that may relate to its affordable housing needs. The population has remained relatively stable, with 3,967 residents in 2022 compared to 3,597 in 2015. The median income has shown a moderate increase, rising from $42,084 in 2015 to $47,125 in 2022, which could indicate a growing need for affordable housing options.
Racial demographics have also evolved. The white population has remained relatively stable (60% in 2015 to 59% in 2022), while the Hispanic population has increased significantly (3% in 2015 to 18% in 2022). The Black population has decreased from 30% in 2015 to 18% in 2022. These shifts in racial composition may influence the diverse housing needs of the community.
Atlantic Boulevard Estates has a significant LIHTC-funded affordable housing presence, with 132 units representing about 8.7% of the estimated housing inventory. The Brookwood Forest project, completed in 2006, offers a range of unit sizes to accommodate various household types. While the neighborhood's population has remained relatively stable over the past decade, changes in median income and racial demographics suggest evolving housing needs. The LIHTC program's investment in the area continues to play a crucial role in providing affordable housing options for the community.