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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Kirkman North, a neighborhood in Orlando, Florida, exhibits a significant proportion of affordable housing funded by Low-Income Housing Tax Credit (LIHTC). The area contains 1,232 total units in LIHTC funded projects, with 1,208 designated as low-income units. Based on the 2022 population of 9,561 and using the national average household size, the estimated housing inventory for the neighborhood is approximately 3,663 units. LIHTC funded affordable housing accounts for about 33.6% of the estimated housing inventory, indicating a substantial contribution to the neighborhood's affordable housing supply.
Kirkman North has had LIHTC funded affordable housing since at least 1999, with three projects completed that year: Metro Place I, Metro Place II, and Willow Key. This suggests over two decades of affordable housing presence in the neighborhood. The 1990s appear to be the decade with the most affordable housing projects completed based on the available data.
The neighborhood's LIHTC funded projects offer a range of unit sizes, including 556 two-bedroom units, 260 three-bedroom units, and 68 four-bedroom units. This diverse mix indicates an effort to accommodate various household sizes and needs within the affordable housing inventory.
Over the past decade, Kirkman North has experienced demographic changes. The population increased from 8,630 in 2014 to 9,561 in 2022, indicating neighborhood growth. Median income also rose from $34,550 in 2014 to $40,655 in 2022, suggesting some economic improvement for residents.
Racial demographics have shown notable shifts. The Black population percentage decreased from 58% in 2014 to 41% in 2022, while the Hispanic population increased from 18% to 23% during the same period. The Asian population also increased from 1% to 5%. These changes indicate a trend towards greater racial diversity in the neighborhood.
Despite these demographic changes, no new LIHTC projects appear to have been built in the last decade. This could suggest that the existing affordable housing stock has been sufficient to meet the needs of the changing population, or that other factors have influenced the lack of new LIHTC development.
Kirkman North demonstrates a significant presence of LIHTC funded affordable housing, covering about one-third of the estimated housing inventory. The neighborhood has had affordable housing options for over two decades, with a mix of unit sizes to accommodate various household needs. While demographic shifts have occurred in the past decade, including population growth, increased median income, and changes in racial composition, no new LIHTC projects have been recorded recently. This analysis provides insight into the affordable housing landscape of Kirkman North and its relationship to the neighborhood's changing demographics.