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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Horizon West, Florida, has a population of 72,283 as of 2021. The city's Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory comprises 340 total units, all designated as low-income units. This represents approximately 1.23% of the city's estimated housing inventory of 27,695 units.
Horizon West has two LIHTC funded projects: Buena Vista Place and Buena Vista Place II. Buena Vista Place was completed in 1999, while Buena Vista Place II was completed in 2000. These projects indicate that affordable housing has been present in the city for over two decades.
The 1990s saw the most affordable housing projects completed in Horizon West. Buena Vista Place, completed in 1999, offers 256 units, including 36 one-bedroom, 12 two-bedroom, and 1 three-bedroom units. Buena Vista Place II, completed in 2000, provides 84 units, with 36 one-bedroom, 24 two-bedroom, and 24 three-bedroom units.
In total, the LIHTC funded projects in Horizon West offer 72 one-bedroom units, 36 two-bedroom units, and 25 three-bedroom units. This distribution suggests a focus on accommodating various household sizes, with a particular emphasis on smaller families or individuals.
Over the past decade, Horizon West has experienced significant demographic changes. The population has grown rapidly, with the 2021 data showing a population of 72,283 and a population density of 2,208 people per square mile. The median income in 2021 was $121,007, indicating a relatively affluent community.
Racial demographics have also shifted. From 2013 to 2022, the white population decreased from 65% to 59%, while the Hispanic population increased from 21% to 23%. The Asian population remained relatively stable at around 6-7%, while the Black population fluctuated between 2-5%. The percentage of residents identifying as two or more races increased from 1% in 2013 to 9% in 2022.
Despite the population growth and demographic changes, no new LIHTC projects have been built in the last decade. This could be due to the relatively high median income in the area, which may have reduced the perceived need for additional low-income housing.
Horizon West's LIHTC funded affordable housing inventory consists of 340 units across two projects, completed in 1999 and 2000. These units represent 1.23% of the estimated housing stock. The city has experienced significant population growth and demographic changes over the past decade, including an increase in median income and racial diversity. Despite these changes, no new LIHTC projects have been developed in recent years, possibly due to the area's overall affluence. The existing affordable housing units provide a mix of one-, two-, and three-bedroom options, catering to various household sizes within the low-income population.