The LIHTC-funded projects in Gainesville offer a diverse range of housing options. The inventory comprises 36 one-bedroom units, 17 two-bedroom units, and 9 three-bedroom units, accommodating various household sizes and needs. Notably, Westridge Apartments targets the handicapped population, potentially incorporating accessible design features and specialized services for this demographic.

Gainesville has experienced significant demographic changes over the past decade. The population decreased from 2,521 in 2016 to 1,455 in 2022, a reduction of approximately 42%. Concurrently, the median income fluctuated, declining from $26,302 in 2016 to $22,043 in 2022. The racial composition of Gainesville has remained predominantly white, though with a slight increase in diversity. The white population decreased from 98% in 2016 to 92% in 2022, accompanied by small increases in Black, Hispanic, and multiracial populations.

The completion of Westridge Apartments in 2015, just prior to the onset of demographic shifts, suggests a recognized need for affordable housing, particularly for the handicapped population. Despite the subsequent population decrease, these LIHTC projects continue to serve an important role in Gainesville's housing landscape.

Gainesville's LIHTC-funded affordable housing inventory serves a crucial function in meeting the needs of its low-income residents, representing about 11.1% of the estimated housing stock. The city has received modest but significant LIHTC funding, resulting in two projects that offer a range of unit types. The most recent project, completed in 2015, focuses on serving the handicapped population, demonstrating a targeted approach to addressing specific community needs. While Gainesville has experienced population decline and income fluctuations in recent years, the presence of these LIHTC projects continues to provide valuable affordable housing options for the city's residents.