The LIHTC-funded housing stock in zip code 62703 offers a diverse range of unit types. Out of the 675 total units, there are 3 efficiencies, 100 one-bedroom units, 437 two-bedroom units, 80 three-bedroom units, and 13 four-bedroom units. This distribution suggests a focus on accommodating various household sizes, with a particular emphasis on two-bedroom units.

Over the past decade, zip code 62703's population has shown a gradual decline, from 30,923 in 2015 to 27,694 in 2022. Despite this population decrease, the median income has risen from $39,680 in 2015 to $42,758 in 2022, indicating a potential shift in the area's economic landscape.

The racial composition of zip code 62703 has remained relatively stable, with a slight increase in diversity. The white population has decreased marginally from 55% in 2015 to 54% in 2022, while the Hispanic population has grown from 2% to 5% during the same period. The Black population has remained steady at around 37-38%.

Zip code 62703 in Springfield, Illinois, demonstrates a consistent commitment to affordable housing through the LIHTC program. With 675 total units, of which 585 are low-income, the program covers a significant portion of the estimated housing stock. The area has seen continuous development of affordable housing from 1988 to 2010, with a diverse range of unit types to accommodate various household sizes. While the population has slightly declined over the past decade, rising median incomes and subtle shifts in racial demographics suggest evolving housing needs that may influence future affordable housing developments in this zip code.