The LIHTC funded housing inventory in zip code 05477 consists of 3 efficiencies, 16 one-bedroom units, 26 two-bedroom units, and 3 three-bedroom units. This distribution suggests a focus on accommodating various household sizes, with a preference for one and two-bedroom units.

Over the past decade, the population in zip code 05477 has remained relatively stable, with a slight increase from 4,459 in 2012 to 4,541 in 2022. During this period, the median income saw significant growth, rising from $79,787 in 2013 to $97,828 in 2022. This increase in median income might partially explain why no new LIHTC projects have been developed since 2014, as the overall economic situation of the area has improved.

The racial composition of zip code 05477 has remained predominantly white, consistently above 90% throughout the past decade. There has been a slight increase in diversity, with small increases in Asian, Hispanic, and multi-racial populations. However, these changes have been minimal and likely have not significantly impacted the need for affordable housing.

The LIHTC funded affordable housing in zip code 05477 provides a modest but important contribution to the area's housing stock. With 48 total units, including 38 low-income units, it addresses some of the affordable housing needs in the community. The projects span from 1998 to 2014, showing a consistent effort to maintain and expand affordable housing options over time. While the percentage of affordable housing is relatively low compared to the estimated total housing stock, it is important to note that other programs may also contribute to affordable housing in the area. The rising median income over the past decade suggests improving economic conditions, which may influence future affordable housing needs and development in this zip code.