The 1990s saw the most affordable housing activity, with projects like Broadway Heights, Park Place Apts, St Joe Flats, Sencord Flat & Townhomes, and Seminole Apts being completed.

The LIHTC funded housing in this zip code offers a diverse range of unit types. Of the 477 total units, there are 13 efficiencies, 251 one-bedroom units, 174 two-bedroom units, and 39 three-bedroom units, catering to various household sizes and needs.

Over the past decade, the zip code has experienced significant demographic changes. The population has grown from 16,288 in 2013 to 21,154 in 2022, a 29.9% increase. Median income has risen substantially, from $39,197 in 2013 to $61,341 in 2022, representing a 56.5% increase.

Racial demographics have also shifted. The white population percentage increased from 52% in 2013 to 60% in 2022, while the black population decreased from 35% to 23%. The Asian population doubled from 3% to 6%, and the Hispanic population increased from 4% to 6%.

These demographic changes, particularly the significant increase in median income, may have influenced the need for additional LIHTC projects in recent years. The last named LIHTC projects were completed in 2016, which could be a response to the growing population and changing economic landscape of the zip code.

Zip code 46202 in Indianapolis has an established LIHTC funded affordable housing inventory, covering about 5.9% of the estimated housing units. The area has seen consistent investment in affordable housing over nearly three decades, with a mix of unit types to accommodate different household sizes. Recent years have brought significant demographic changes, including population growth, increased median income, and shifts in racial composition. These changes may have influenced the development of LIHTC projects in the area, with the most recent named projects completed in 2016.