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Affordable Housing in South Dixie: LIHTC Impact on Neighborhood Dynamics
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
South Dixie, a neighborhood in Pompano Beach, Florida, has a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The area contains 540 affordable units, all designated as low-income units. This inventory comprises approximately 47% of the estimated 1,150 total housing units in the neighborhood, indicating a substantial impact of LIHTC projects on affordable housing availability in South Dixie.
The LIHTC program has invested $4,223,137 in project tax credits in South Dixie, averaging approximately $7,820 per unit. This demonstrates a considerable commitment to affordable housing in the area. The first LIHTC project, Laguna Pointe, was completed in 2003, and the most recent, Captiva Cove, in 2018. This 15-year span indicates a sustained effort to provide affordable housing. The 2010s saw the most LIHTC development activity, with two projects completed: Captiva Cove II in 2016 and Captiva Cove in 2018.
The affordable housing inventory in South Dixie is diverse, consisting of 134 one-bedroom units, 144 two-bedroom units, and 37 three-bedroom units. This mix accommodates various household sizes and needs within the community.
South Dixie has experienced significant demographic changes over the past decade. The population increased from 1,905 in 2013 to 3,002 in 2022, a growth of nearly 58%. This population increase may have contributed to the need for additional affordable housing, as evidenced by the completion of two LIHTC projects during this period.
Median income in the neighborhood has fluctuated, rising from $28,298 in 2013 to $45,546 in 2022. Despite this overall increase, the median income remains relatively low, underscoring the continued need for affordable housing options.
The racial composition of South Dixie has also changed. The Hispanic population has grown from 37% in 2013 to 47% in 2022. The Black population has increased from 20% to 38% during the same period, while the White population has decreased from 39% to 15%. These demographic shifts may have influenced the demand for affordable housing and the types of units developed through LIHTC projects.
South Dixie's affordable housing landscape is characterized by a significant LIHTC presence, with 540 low-income units comprising nearly half of the estimated housing inventory. The neighborhood has seen sustained investment in affordable housing over a 15-year period, with the most recent developments occurring in the late 2010s. The diverse unit mix caters to various household sizes, reflecting the community's needs. The correlation between demographic changes, including population growth and shifts in racial composition, and the development of LIHTC projects suggests a responsive approach to addressing affordable housing needs in South Dixie.
