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Affordable Housing Prevalence in Blanche Ely: LIHTC's Impact on a Predominantly Black Neighborhood
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The Blanche Ely neighborhood in Pompano Beach, Florida, exhibits a significant presence of affordable housing funded by the Low-Income Housing Tax Credit (LIHTC) program. The neighborhood contains 256 units in LIHTC-funded projects, with 144 designated as low-income units. Based on the 2022 population of 3,956 and an estimated 1,516 housing units, LIHTC-funded affordable housing comprises approximately 16.9% of the neighborhood's estimated housing inventory.
The LIHTC program has invested $2,561,000 in tax credits for affordable housing projects in Blanche Ely. This investment equates to an average federal funding of about $10,004 per unit across all LIHTC-funded projects in the neighborhood. Affordable housing has been a component of Blanche Ely's landscape since at least 2005, with the completion of Atlantic Palms. The most recent project, City Vista, was completed in 2018, indicating over a decade of LIHTC investment in the area. The 2010s witnessed the most substantial affordable housing development activity in the neighborhood.
LIHTC-funded projects in Blanche Ely offer a range of unit types. There are 81 one-bedroom units, 127 two-bedroom units, and 48 three-bedroom units. This distribution suggests an effort to accommodate various household sizes, from individuals to small families.
Over the past decade, Blanche Ely has experienced significant demographic changes. The population increased from 2,993 in 2017 to 3,956 in 2022, representing a 32% growth. This population increase may have contributed to the demand for additional affordable housing, as evidenced by the completion of City Vista in 2018.
The median income in the neighborhood has shown a modest increase, rising from $19,349 in 2017 to $21,852 in 2022. Despite this growth, the relatively low median income indicates an ongoing need for affordable housing options.
Racial demographics have remained relatively stable, with the Black population consistently representing the majority (approximately 85-90%) of residents. The Hispanic population has fluctuated slightly, ranging from 5% to 17% over the past decade.
Blanche Ely neighborhood has a substantial LIHTC-funded affordable housing inventory, comprising about 16.9% of the estimated housing units. The LIHTC program has invested over $2.5 million in the area, providing 256 total units, including 144 low-income units. The neighborhood has experienced affordable housing development spanning more than a decade, with projects offering a mix of unit types to accommodate various household sizes. The recent population growth and relatively low median income suggest a continued need for affordable housing options in Blanche Ely.
