Over the past decade, the zip code has experienced significant population growth, increasing from 14,306 in 2014 to 17,421 in 2022. This represents a 21.8% increase in population. Concurrently, the median income has risen from $74,333 in 2014 to $89,997 in 2022, indicating a 21% increase in household earnings.

The racial composition of the zip code has remained relatively stable, with a slight increase in diversity. The white population decreased marginally from 92% in 2014 to 91% in 2022, while the Asian population increased from 2% to 4% during the same period. The Hispanic population remained steady at 2%.

The completion of the Blue Heron Apartments in 2017 coincides with a period of rapid population growth and increasing median income in the zip code. This suggests that the LIHTC project was implemented to address the growing need for affordable housing options in an area experiencing economic expansion.

Zip code 12118 in Mechanicville, New York, has seen the introduction of LIHTC-funded affordable housing in recent years, with the Blue Heron Apartments completed in 2017. This project provides 60 units, including 6 low-income units, representing a small but significant step towards addressing affordable housing needs in the area. The zip code has experienced substantial population growth and increasing median incomes over the past decade, potentially driving the need for more diverse housing options. LIHTC-funded housing currently covers a small percentage of the estimated housing inventory, marking an important beginning in addressing affordable housing needs in this growing community.