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Affordable Housing in Miami Gardens: Two Decades of LIHTC Development
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Miami Gardens, a city in Florida, has a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The city's LIHTC inventory includes 2,663 total units, with 1,969 designated as low-income units. Based on the 2022 population of 110,491 and an estimated 42,334 housing units, the LIHTC funded affordable housing covers approximately 6.3% of the city's estimated housing inventory.
Miami Gardens has received $8,997,476 in project tax credits through the LIHTC program. With approximately 13 projects, this translates to an average of $692,113 in federal funding per project, or $3,379 per unit. The city holds 1.33% of Florida's total LIHTC funding, indicating a notable share of the state's affordable housing resources.
The LIHTC program has been active in Miami Gardens since at least 1996, with the completion of the Hamlet At Walden Pond project. The most recent project listed is Willow Lake - Miami, completed in 2018, demonstrating over two decades of affordable housing development in the city.
The 2000s saw the most affordable housing activity, with multiple projects completed during this decade, including Eagle's Landing, Douglas Pointe, Villas Del Lago, Cedar Grove, and Emerald Dunes.
The LIHTC funded housing in Miami Gardens offers a diverse range of unit types. The inventory includes 366 one-bedroom units, 1,254 two-bedroom units, 936 three-bedroom units, and 3 four-bedroom units. This distribution suggests a focus on accommodating families of various sizes.
Over the past decade, Miami Gardens has experienced some fluctuations in population, with a slight overall decrease from 113,199 in 2015 to 110,491 in 2022. However, the median income has shown a significant upward trend, rising from $37,672 in 2015 to $61,496 in 2022. This substantial increase in median income might indicate a changing economic landscape in the city.
Racial distribution data for 2022 shows that Miami Gardens has a predominantly Black population (55%), followed by a significant Hispanic population (42%), with small percentages of White (1%) and multiracial (1%) residents. This demographic composition suggests a diverse community that may benefit from continued affordable housing options.
Miami Gardens has a substantial LIHTC funded affordable housing inventory, covering about 6.3% of the estimated housing stock. The city has seen consistent development of affordable housing projects over more than two decades, with a notable concentration of activity in the 2000s. The diverse unit mix suggests an effort to accommodate various household sizes. While the population has remained relatively stable in recent years, the significant increase in median income indicates changing economic conditions that may influence future affordable housing needs in the city.
