The affordable housing presence in this zip code spans nearly two decades. The first project, Roebling Village Inn Affordable Housing, was completed in 1997, while the most recent project, Duffy School, was finished in 2015. The 2010s saw the most significant affordable housing development in this area.

The LIHTC-funded projects in this zip code primarily consist of one-bedroom units, with 14 such units recorded. This unit composition suggests a focus on smaller household sizes or individual residents in the affordable housing inventory.

Zip code 08518 has experienced a population increase from 5,332 in 2010 to 5,683 in 2022. The median income has fluctuated, rising from $63,650 in 2015 to $76,411 in 2022. This overall income growth might indicate a reduced need for additional affordable housing in recent years.

Racial demographics have shifted noticeably in the zip code. The white population decreased from 76% in 2013 to 61% in 2022, while the Hispanic population increased from 4% to 12% during the same period. The Asian population also grew from 4% to 8%. These changes in racial composition suggest a diversifying community, which may influence future affordable housing needs.

The LIHTC program has made a meaningful contribution to affordable housing in zip code 08518, providing 67 low-income units across two projects. While this represents a small portion of the estimated housing inventory, it is a significant step towards addressing affordable housing needs. The area has seen demographic shifts, including population growth, income fluctuations, and increased racial diversity, which may inform future affordable housing strategies. The concentration on one-bedroom units in LIHTC projects suggests a focus on smaller households or individuals in the current affordable housing stock.