Demographic data for zip code 10471 reveals shifts over the past decade. The population has remained relatively stable, increasing slightly from 23,292 in 2014 to 24,294 in 2022. The median income has fluctuated, rising from $90,463 in 2014 to $98,915 in 2022, indicating a generally affluent area.

Racial demographics have changed, with the white population decreasing from 61% in 2014 to 53% in 2022. The Hispanic population has increased from 22% to 32% during the same period. The Black population has remained relatively stable at around 9%, while the Asian population has decreased from 8% to 3%. The introduction of LIHTC-funded affordable housing in 2016 coincides with these demographic shifts, potentially responding to changing housing needs in the community.

In summary, zip code 10471 in the Bronx has a focused LIHTC-funded affordable housing inventory, consisting of a single project with 86 efficiency units. This represents a small percentage of the estimated total housing stock but signifies a targeted approach to affordable housing in the area. The substantial federal investment per unit and the zip code's share of state LIHTC funding highlight the importance placed on affordable housing in this community. The demographic trends over the past decade provide context for the timing and nature of the LIHTC-funded housing development in this zip code.