Clermont, Florida, a city characterized by its hills and lakes, maintains a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 339 units, with 207 designated as low-income units. This inventory comprises approximately 1.35% of the city's estimated 25,188 housing units. The city has received $1,874,571 in project tax credits for affordable housing through the LIHTC program, distributed across four projects. This allocation represents 0.28% of Florida's total LIHTC funding.

Clermont's LIHTC-funded affordable housing development spans nearly two decades. The first project, Osprey Ridge Apartments, was completed in 2001, while the most recent projects, Woodcliff and Woodwinds, were both completed in 2019. The 2010s were the most active period for affordable housing development, with three out of four projects completed during this decade. The LIHTC-funded projects in Clermont offer a diverse mix of accommodations, including 58 one-bedroom units, 191 two-bedroom units, and 90 three-bedroom units.

Clermont has experienced significant population growth, increasing from 44,338 in 2010 to 65,741 in 2022, representing a 48% increase. This population surge likely contributed to the need for additional affordable housing, as evidenced by the completion of two LIHTC projects in 2019. The median income in Clermont has also increased, rising from $70,108 in 2013 to $80,240 in 2022. Despite this increase, the continued development of affordable housing suggests a persistent need for low-income accommodations.