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Affordable Housing in Seminole Heights: LIHTC Projects and Demographic Shifts
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Seminole Heights, a neighborhood in Tampa, Florida, contains Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The area has 202 total units in LIHTC funded projects, with 31 designated as low-income units. Based on the 2022 population of 7,139 and using the national average household size, there are approximately 2,735 housing units in the neighborhood. LIHTC funded affordable housing accounts for about 7.4% of the estimated housing inventory in Seminole Heights.
Seminole Heights has two LIHTC funded projects: Oaks At Riverview and Koster Properties I. Oaks At Riverview, completed in 2005, has 196 units, including 25 low-income units. It offers 106 one-bedroom, 6 two-bedroom, 68 three-bedroom, and 16 four-bedroom units. Koster Properties I contributes 6 low-income units to the neighborhood's affordable housing stock.
The 2000s were significant for affordable housing development in Seminole Heights, with the completion of Oaks At Riverview in 2005. This project has provided affordable housing options in the neighborhood for nearly two decades.
Seminole Heights has experienced demographic shifts over the past decade. The population has fluctuated, with a low of 5,982 in 2018 and a high of 7,139 in 2022. Median income has shown an overall upward trend, rising from $41,873 in 2013 to $56,448 in 2022, with a peak of $70,620 in 2021.
Racial demographics have also changed. The white population increased from 51% in 2013 to 53% in 2022, while the Black population remained relatively stable, moving from 19% to 20% in the same period. The Hispanic population fluctuated, starting at 23% in 2013, peaking at 28% in 2016, and settling at 21% in 2022.
Seminole Heights has a modest LIHTC funded affordable housing presence, covering approximately 7.4% of the estimated housing inventory. The neighborhood's two LIHTC projects provide a mix of unit sizes to accommodate different household needs. While demographic trends show income growth and racial composition changes over the past decade, the continued diversity of the neighborhood suggests a potential ongoing need for affordable housing options. The lack of new LIHTC projects since 2005 may warrant further investigation into current affordable housing needs in Seminole Heights.
