Over the past decade, the population in zip code 20716 has grown moderately, from 20,594 in 2013 to 21,988 in 2022. The median income has fluctuated but overall increased from $105,732 in 2013 to $106,319 in 2022, suggesting a relatively stable economic environment.

Racial demographics have shown changes. The Black population has increased from 61% in 2013 to 66% in 2022, while the White population has decreased from 26% to 18%. The Hispanic population has grown from 4% to 8%, indicating increasing diversity in the area.

Despite these demographic shifts, there have been no new LIHTC projects in the last decade. This could be due to the relatively high median income in the area, which may reduce the perceived need for additional affordable housing units.

Zip code 20716 in Bowie, Maryland, has two LIHTC funded affordable housing projects providing 220 total units, with 22 designated as low-income. These projects, both completed in the late 1990s, represent about 2.61% of the estimated housing stock. The area has experienced moderate population growth and income stability over the past decade, with increasing racial diversity. The LIHTC projects continue to provide a consistent, if limited, source of affordable housing in this relatively high-income area.