P3X1 Trevor Boyle

Project 3
Exercise 1



SHIM #: 240
Property Information
Development Name: South Hiawassee Village
Address: 38 N Hiawassee Road, Orlando, FL 32858
Housing Programs: Rental Assistance / RD, Section 515
Target Population: Elderly
Year Built: 1979
Year of Subsidy Expiration: 2029
Owner Type: Limited Dividend

Units and Buildings
Total Units: 58
HUD/RD Rental Assistance Units: 55
Total Living Area: 40,355
Number of Buildings: 13
1 Bedroom Units: 38
2 Bedroom Units: 20

Average Rents
1 Bedroom: $632
2 Bedroom: $672
Average Rent/FMR Ratio: 72

Household Composition
Average Household Size (Persons): 1.08
Percentage of Households with Elderly: 86%

Demographics
Race/Ethnicity
White: 26%
Asian: 4%
Black: 25%
Hispanic: 46%
Average Annual Household Income: $9,712
Household Income ($0-$4,999): 0
Household Income ($5,000-$9,999): 77
Household Income ($10,000-$14,999): 16
Household Income ($15,000-$19,999): 4
Household Income ($20,000 and Above): 3



Not Pursued