Affordable housing has been present in zip code 68122 for nearly two decades. Woodgate Townhomes, completed in 2002, was the first LIHTC project. The most recent addition, Bluffs At Cherry Hills, was finished in 2016. The 2010s saw the most affordable housing development activity, with two projects completed.

The affordable housing inventory in zip code 68122 includes a mix of unit sizes: 10 two-bedroom units, 68 three-bedroom units, and 39 four-bedroom units. This distribution suggests an emphasis on accommodating various family sizes within the affordable housing stock.

From 2013 to 2022, the population in zip code 68122 increased from 11,493 to 12,609, a 9.7% growth. During this period, the median income rose from $80,189 to $84,468, a 5.3% increase.

Racial demographics in zip code 68122 changed significantly from 2013 to 2022. The white population decreased from 70% to 56%, while the Asian population increased from 2% to 9%, and the Hispanic population grew from 2% to 9%. The Black population remained relatively stable, decreasing slightly from 21% to 20%.

These demographic changes, particularly the increase in racial diversity and population growth, may have influenced the need for affordable housing in zip code 68122. The completion of the Bluffs At Cherry Hills project in 2016 aligns with these demographic shifts.

Zip code 68122 in Omaha, Nebraska has made significant progress in providing affordable housing through the LIHTC program. With 246 low-income units, it covers about 5.1% of the estimated housing stock. The area has seen steady investment in affordable housing over nearly two decades, focusing on family-sized units. The demographic changes correlate with the development of affordable housing in the area. While the current inventory is substantial, there may be potential for further development to meet the ideal target of 15-20% affordable housing stock.