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Affordable Housing in South Semoran: LIHTC Impact 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
South Semoran, a neighborhood in Orlando, Florida, has 312 affordable housing units funded by the Low-Income Housing Tax Credit (LIHTC) program. These units constitute approximately 5.4% of the neighborhood's estimated 5,746 housing units as of 2022. All 312 units are designated as low-income units.
The LIHTC program has invested $1,273,588 in tax credits for affordable housing in South Semoran, averaging $4,082 per unit. The neighborhood's affordable housing inventory is concentrated in a single project called Mill Creek, completed in 2006. This project has provided affordable housing options in the area for over 15 years.
Mill Creek offers a variety of unit types to accommodate different household sizes. The project comprises 96 one-bedroom units, 156 two-bedroom units, and 6 three-bedroom units. This distribution indicates a focus on housing for small to medium-sized families and individuals.
South Semoran has experienced demographic changes over the past decade. The population increased from 13,701 in 2013 to 14,996 in 2022. Median income rose from $39,725 in 2013 to $43,264 in 2022, suggesting a gradual improvement in economic conditions for some residents.
The racial composition of the neighborhood has changed. The Hispanic population remains the largest group, increasing from 47% in 2013 to 52% in 2022. The white population decreased from 43% to 28%, while the Black population increased from 6% to 13%. These shifts reflect growing diversity in the neighborhood.
No new LIHTC projects have been developed in South Semoran since 2006. This lack of development could be attributed to factors such as land availability, changing priorities in affordable housing development, or the presence of other affordable housing programs not captured in this data.
South Semoran's affordable housing landscape is characterized by the Mill Creek project, which provides 312 low-income units. While this project covers about 5.4% of the estimated housing inventory, it falls below the ideal 15-20% target for affordable housing stock. The neighborhood has experienced population growth, increased diversity, and a modest rise in median income over the past decade. These demographic changes, combined with the absence of new LIHTC developments since 2006, suggest potential ongoing affordable housing needs in the area that could be addressed through future initiatives or alternative programs.
