Over the past decade, the population in zip code 10282 has fluctuated, with a notable decrease from 2016 to 2017, followed by a gradual increase. The median income has remained consistently high, ranging from $180,000 to $190,000 annually. This high median income might explain why no new LIHTC projects have been developed in recent years, as the area may not be perceived as having a pressing need for additional low-income housing.

Regarding racial demographics, zip code 10282 has maintained a predominantly white population, consistently around 70% over the past decade. There has been a slight increase in the Asian population, growing from 10% in 2013 to 14% in 2022. The Hispanic and Black populations have remained relatively stable at around 5% and 2% respectively.

Zip code 10282 in Manhattan has a significant LIHTC funded affordable housing presence, with 736 total units covering about 32.4% of the estimated housing inventory. The affordable housing stock was primarily developed in the late 1990s, with two major projects contributing to the inventory. Despite the high median income in the area, these LIHTC projects continue to provide important affordable housing options. The demographic trends over the past decade show a relatively stable population with high incomes, which may explain the lack of recent LIHTC developments. This analysis provides insight into how LIHTC funded projects contribute to the affordable housing needs in this high-income urban area.