The LIHTC-funded housing in zip code 55433 offers a diverse range of unit types. Out of the 771 total units, there is 1 efficiency unit, 164 one-bedroom units, 230 two-bedroom units, 102 three-bedroom units, and 8 four-bedroom units. This distribution suggests a focus on accommodating various household sizes and needs. One notable project, Mississippi View Apartments, completed in 2007, specifically targets singles, potentially addressing the needs of individual low-income residents in the area.

Over the past decade, zip code 55433 has experienced slight fluctuations in population, with a peak of 34,759 residents in 2017 and a slight decrease to 34,131 by 2022. The median income has shown an overall upward trend, rising from $65,694 in 2013 to $75,510 in 2022, with a peak of $80,701 in 2021.

Racial demographics in zip code 55433 have shifted somewhat during this period. The white population has decreased from 84% in 2013 to 74% in 2022, while other racial groups have seen increases. Most notably, the Black population has grown from 5% to 9%, and the Asian population from 2% to 6%. This increasing diversity may indicate changing affordable housing needs in the community.

The completion of three LIHTC projects (River North, Drake Apartments, and Riverdale Station Apartments Novo) between 2017 and 2019 aligns with the period of highest population in zip code 55433, suggesting a response to increased housing demand.

Zip code 55433 has a significant LIHTC-funded affordable housing presence, covering about 5.9% of the estimated housing inventory. The area has seen consistent development of affordable housing over three decades, with a diverse range of unit types to accommodate various household sizes. Recent projects align with population peaks and increasing diversity in the community, indicating ongoing efforts to meet changing affordable housing needs. The substantial investment in LIHTC funding for this zip code underscores the importance of affordable housing in this area of Coon Rapids, Minnesota.