Over the past decade, zip code 59912 has experienced population growth, increasing from 13,827 in 2015 to 15,155 in 2022. The median income has also risen, from $50,673 in 2015 to $59,138 in 2022, indicating overall economic improvement in the area.

The racial composition of zip code 59912 has remained relatively stable, with a slight decrease in the white population from 94% in 2015 to 91% in 2022. There has been a small increase in diversity, with the Hispanic population growing from 1% to 3% and those identifying as two or more races increasing from 1% to 4% during this period.

Despite these demographic changes, no new LIHTC projects have been completed in zip code 59912 in the last decade. This lack of new development may be attributed to the rising median income, which could have reduced the perceived need for additional low-income housing in the area.

In summary, zip code 59912 has a small but established LIHTC-funded affordable housing inventory, covering about 1.58% of the estimated housing units. The area experienced most of its affordable housing development in the early 2000s, with no new projects in the last decade. While the population and median income have increased, the racial composition has remained relatively stable with slight increases in diversity. These demographic trends may have influenced the absence of recent LIHTC developments in the area.