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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Westview, a Florida community, has a population of 13,871 as of 2022. The city's Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory comprises 384 total units, with 321 designated as low-income units. This represents approximately 7.2% of the city's estimated housing stock of 5,315 units.
Westview has received $2,495,075 in project tax credits for affordable housing through the LIHTC program. With approximately 4 projects, this translates to an average federal funding of $623,769 per project and $6,497 per unit. The city holds 0.37% of Florida's total LIHTC funding.
The first LIHTC project in Westview, Lakeview Apts, was completed in 1992, while the most recent projects, Kings Terrace and Palm Lake, were finished in 2012. This indicates a 20-year span of affordable housing development in the city. The 2010s saw the most affordable housing activity, with two projects completed in 2012.
The LIHTC-funded housing in Westview consists of 34 one-bedroom units, 188 two-bedroom units, 96 three-bedroom units, and 32 four-bedroom units. This distribution suggests a focus on accommodating families of various sizes, with a particular emphasis on two-bedroom units.
Over the past decade, Westview's population has increased from 12,055 in 2010 to 13,871 in 2022. The median income has also risen, from $31,302 in 2013 to $39,812 in 2022, indicating improving economic conditions for residents.
Regarding racial demographics, there has been a notable shift in the city's composition. The Black population decreased from 72% in 2013 to 57% in 2022, while the Hispanic population increased from 26% to 41% during the same period. This change in racial distribution may reflect changing housing needs and preferences in the community.
The completion of two LIHTC projects in 2012 coincides with a period of population growth and increasing diversity in Westview. This suggests that the affordable housing developments may have been a response to changing demographic needs in the community.
Westview's LIHTC-funded affordable housing inventory plays a significant role in providing housing options for low-income residents, covering 7.2% of the estimated housing stock. The city has seen a steady development of affordable housing over two decades, with the most recent projects completed in 2012. The distribution of unit sizes indicates a focus on accommodating diverse household sizes. While the city has experienced moderate population growth and increasing median income over the past decade, there has also been a significant shift in racial demographics. These changes may influence future affordable housing needs and development in Westview.