The population in zip code 14305 has remained relatively stable over the past decade, fluctuating between 16,000 and 16,800 residents. The median income has shown an overall upward trend, increasing from $41,611 in 2013 to $46,548 in 2022. This rise in median income may indicate a growing need for affordable housing options to maintain economic diversity in the area.

Racial demographics have shifted, with the white population decreasing from 61% in 2013 to 55% in 2022. The Hispanic population increased from 2% to 8%, and those identifying as two or more races increased from 2% to 8%. The Black population slightly decreased from 32% to 26%. These changes in racial composition suggest a diversifying community, which may benefit from continued investment in affordable housing to support inclusive growth.

Zip code 14305 in Niagara Falls demonstrates a significant commitment to affordable housing through the LIHTC program. With 661 total units, of which 616 are low-income, these projects cover approximately 10.6% of the estimated housing inventory. The area has seen consistent development of affordable housing over two decades, with a particular focus in the 2010s. The diverse unit types suggest an effort to accommodate various household sizes. While the population has remained stable, changes in median income and racial demographics indicate an evolving community that may continue to benefit from affordable housing initiatives. The LIHTC program's investment in this zip code plays a crucial role in maintaining housing affordability amidst these demographic shifts.