The 2010s witnessed the most significant growth in LIHTC-funded projects, with seven developments completed during this decade. Notable projects from this period include Sunset Gardens (2011), Gilroy Apartments (2015), and Alexander Station (2019).

The affordable housing inventory in zip code 95020 is diverse, comprising 1 efficiency unit, 451 one-bedroom units, 286 two-bedroom units, 244 three-bedroom units, and 92 four-bedroom units. This variety caters to different household sizes and needs within the low-income population.

Over the past decade, zip code 95020 has experienced steady population growth, increasing from 55,266 in 2010 to 66,475 in 2022. Concurrently, the median income has risen substantially from $90,112 in 2013 to $118,223 in 2022. Despite this economic growth, the continued development of LIHTC projects suggests an ongoing need for affordable housing options.

The racial composition of zip code 95020 has remained relatively stable, with a slight increase in Asian representation (from 5% in 2013 to 10% in 2022) and a small decrease in the white population (from 34% in 2013 to 26% in 2022). The Hispanic population has consistently been the majority, ranging from 57% to 59% throughout the decade. This demographic stability may have influenced the steady development of LIHTC projects to serve the diverse community needs.

Zip code 95020 in Gilroy, California, demonstrates a consistent commitment to affordable housing through the LIHTC program. With 1,352 total units and 1,199 low-income units, LIHTC-funded projects cover about 5.3% of the estimated housing inventory. The area has seen continuous development of affordable housing over nearly three decades, with the most significant growth occurring in the 2010s. Despite rising median incomes, the ongoing construction of LIHTC projects indicates a persistent need for affordable housing options in this growing and diverse community.