All 181 units in LIHTC-funded projects are designated as low-income units, demonstrating a commitment to serving lower-income residents. Information on specific unit types is not available for these projects.

Zip code 08558 experienced population growth from 6,552 in 2010 to 7,675 in 2022. The median income increased from $174,995 in 2013 to $175,035 in 2022, indicating an affluent area. Racial demographics shifted slightly, with the white population decreasing from 70% in 2013 to 61% in 2022, while the Asian population increased from 21% to 27%. The Hispanic population remained relatively stable, moving from 6% to 7%.

The high median income and relatively stable demographics suggest that the need for affordable housing may not be as pronounced as in other areas. The existing LIHTC projects help address the needs of lower-income residents in this high-income zip code.

Zip code 08558 in Skillman, New Jersey, has a modest LIHTC-funded affordable housing inventory, with 181 low-income units across two projects. These units represent about 6.2% of the estimated housing stock, contributing to housing diversity in an affluent area. The most recent affordable housing development occurred in 2016, reflecting efforts to maintain affordable options in this growing community. The percentage of affordable housing is lower than the target of 15-20%, but other affordable housing programs may also be contributing to the area's housing needs.