The Arbors is the larger of the two projects, providing 408 total units with 293 designated as low-income. Maple Shade Senior Housing offers 99 units, all of which are low-income. These projects contribute significantly to the affordable housing stock in the zip code.

Over the past decade, the population in this zip code has increased from 18,539 in 2020 to 19,840 in 2022. The median income has fluctuated, rising from $68,722 in 2020 to $73,141 in 2021, before decreasing to $68,858 in 2022.

Racial demographics have shown shifts. The white population has decreased from 68% in 2020 to 64% in 2022, while the Hispanic population has increased from 11% to 13% in the same period. The Asian and Black populations have remained relatively stable at around 7-8% and 9-10% respectively. The proportion of residents identifying as two or more races has increased from 3% in 2020 to 6% in 2022.

These demographic changes, particularly the increase in population and the shifts in racial composition, may indicate evolving housing needs in the area. However, as no new LIHTC projects have been developed in the last decade, other factors or housing programs may be addressing these changing needs.

The zip code 08052 in Cherry Hill Mall, New Jersey, has a significant LIHTC-funded affordable housing presence, with 507 total units, representing about 6.7% of the estimated housing inventory. The area received over $1.3 million in LIHTC funding, demonstrating a substantial investment in affordable housing. While the LIHTC-funded developments were completed in the early 2000s, they continue to play a crucial role in providing affordable housing options. The area has experienced demographic shifts in recent years, including population growth and changes in racial composition, which may influence future affordable housing needs.