The LIHTC-funded housing inventory includes a diverse mix of unit types, with 4 efficiencies and 26 two-bedroom units documented. This variety suggests an effort to accommodate different household sizes and needs within the affordable housing stock.

Over the past decade, the 08691 zip code has experienced notable demographic shifts. The population has grown from 16,983 in 2013 to 18,221 in 2022, a 7.3% increase. Concurrently, the median income has risen from $138,155 in 2013 to $141,515 in 2022, representing a 2.4% increase.

Racial demographics have also shifted significantly. The Asian population has more than doubled from 12% in 2013 to 25% in 2022, while the white population has decreased from 78% to 65% during the same period. The Black and Hispanic populations have remained relatively stable, each comprising 3-4% of the population.

These demographic changes, particularly the population growth and increasing diversity, may indicate an ongoing need for affordable housing options in the area, even though no new LIHTC projects have been documented since 2012.

The 08691 zip code area demonstrates a commitment to affordable housing through its LIHTC-funded projects, which represent a small but significant portion of the estimated housing inventory. The area has seen consistent investment in affordable housing over three decades, with projects tailored to various household sizes. While the LIHTC-funded affordable housing stock has not expanded in recent years, the area's demographic trends, including population growth and increasing diversity, suggest a potential ongoing need for affordable housing options. The substantial median income in the area, however, may influence the perceived need for additional affordable housing development.