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North Lauderdale's LIHTC Program: A Modest Contribution to Affordable Housing
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
North Lauderdale, Florida, with a population of 47,654 as of 2022, has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 532 total units, including 316 low-income units. This represents approximately 2.9% of the city's estimated 18,258 housing units.
The city's LIHTC funded projects consist of Cross Keys II, completed in 1999, and Sanctuary Cove, built in 2005. These developments indicate a two-decade presence of affordable housing in North Lauderdale. The early 2000s marked the most significant period of affordable housing activity in the city, with both projects completed during this time. Sanctuary Cove is the larger project, offering 292 low-income units, while Cross Keys II provides 24 low-income units.
The LIHTC funded projects in North Lauderdale comprise 118 one-bedroom units, 248 two-bedroom units, and 112 three-bedroom units. This distribution suggests an emphasis on accommodating small to medium-sized families within the affordable housing inventory.
North Lauderdale's population has grown steadily over the past decade, increasing from 45,689 in 2013 to 47,654 in 2022. The median income has fluctuated, decreasing from $47,116 in 2013 to $44,924 in 2016, before rising to $48,903 in 2022.
The city's racial demographics have shifted during this period. The Black population increased from 50% in 2013 to 56% in 2022. The Hispanic population remained relatively stable, moving from 26% to 28% and back to 26%. The White population decreased from 19% to 11% during the same timeframe.
Despite demographic changes and population growth, no new LIHTC projects have been completed in North Lauderdale in the last decade. This may indicate that other affordable housing programs are addressing the city's needs or that opportunities exist for additional affordable housing development.
North Lauderdale's LIHTC funded affordable housing inventory provides 316 low-income units across two projects. The city experienced its primary affordable housing development in the early 2000s, with no new LIHTC projects in the past decade despite population growth and demographic shifts. The existing inventory focuses on one to three-bedroom units, potentially serving a range of household sizes. As North Lauderdale continues to grow and evolve, ongoing assessment of affordable housing needs may be necessary to ensure adequate support for the community's low-income residents.
