The LIHTC funded projects in zip code 94087 offer a diverse range of unit types. There are 2 efficiencies, 6 one-bedroom units, 117 two-bedroom units, 7 three-bedroom units, and 1 four-bedroom unit. This distribution suggests a focus on accommodating various household sizes, with a particular emphasis on two-bedroom units.

Over the past decade, zip code 94087 has experienced significant demographic shifts. The population has grown from 55,180 in 2015 to 57,789 in 2022, indicating a steady increase in residents. Median income has also risen substantially, from $152,793 in 2015 to $166,466 in 2022, suggesting an overall increase in affluence.

Racial demographics in zip code 94087 have also evolved. The Asian population has increased from 46% in 2015 to 53% in 2022, while the white population has decreased from 40% to 32% during the same period. Hispanic and Black populations have remained relatively stable at around 8-9% and 1% respectively.

Despite the lack of new LIHTC projects in the last decade, the existing affordable housing continues to play a crucial role in maintaining diversity in this increasingly affluent area. The rising median income and changing racial composition suggest a potential need for additional affordable housing options to ensure continued community diversity.

Zip code 94087 in Sunnyvale, California, has a small but significant LIHTC funded affordable housing inventory, representing about 1.25% of the estimated housing stock. The area received over $1.2 million in LIHTC funding, contributing to 277 total units across two projects completed in the early 2000s. While no new LIHTC projects have been developed in the last decade, the area has seen significant population growth, increasing median incomes, and shifting racial demographics, particularly with a growing Asian population. These trends highlight the ongoing importance of maintaining and potentially expanding affordable housing options in this evolving community.