The city's LIHTC-funded affordable housing began in 1990 with projects like Janoski Property and Residential Plaza at Blue Lagoon. The most recent projects, completed in 2019, include Las Palmas, Seventh Avenue Transit Village II, and Villages I. This spans nearly three decades of affordable housing development in Miami.

The 2000s experienced significant growth in LIHTC projects, with multiple developments completed annually. Notable projects from this period include Tequesta Knoll (2000), Miami River Park (2001), and Allapattah Gardens (2004). The late 2000s were particularly active, with projects like Pinnacle Square, Villa Patricia Phase I, and Lafayette Plaza completed in 2008.

Miami's LIHTC-funded housing stock offers diverse unit types. The inventory includes 420 efficiencies, 2,993 one-bedroom units, 2,548 two-bedroom units, 1,166 three-bedroom units, and 50 four-bedroom units. This distribution caters to various household sizes and needs within the low-income population.

Demographic trends over the last decade correlate with LIHTC development. Miami's population grew from 430,341 in 2014 to 449,484 in 2022, indicating steady housing demand. Median income increased from $31,917 in 2014 to $60,989 in 2022, potentially impacting affordability challenges. The racial composition remained relatively stable, with a slight decrease in the Hispanic population from 71% to 71% and an increase in the Asian population from 1% to 2% between 2014 and 2022.

Miami's LIHTC program has substantially contributed to the city's affordable housing inventory over the past three decades. The program's impact is evident in the number of units created, the significant portion of state funding received, and the diverse range of housing options provided. As Miami continues to grow, the LIHTC program remains a vital tool in addressing the city's affordable housing needs.