The 1980s witnessed a significant increase in affordable housing projects in Akron, with numerous developments completed during this period. Notable projects from this era include Parkwood Apartments, Spring Meadows, and East Crown Apartments.

Akron's LIHTC-funded housing stock comprises various unit types. The inventory includes 1,041 one-bedroom units, 386 two-bedroom units, 514 three-bedroom units, and 365 four-bedroom units, accommodating diverse household sizes and needs. One notable project with a specific target population is Summit Lake Homes, completed in 2001, which focuses on single parents.

Over the past decade, Akron has experienced a slight population decline, from 197,597 in 2019 to 188,498 in 2022. During this period, the median income increased from $41,013 in 2019 to $45,534 in 2022. The racial composition has remained relatively stable, with minor fluctuations in the Black and Asian populations.

Despite the overall population decline, the continued development of LIHTC projects in recent years suggests an ongoing need for affordable housing in Akron. This may be attributed to the rising median income, which could potentially price out some residents from market-rate housing.

Akron's LIHTC-funded affordable housing inventory represents a significant investment in addressing the housing needs of low-income residents. With over 3,600 units across approximately 74 projects, the program has contributed to diversifying the city's housing stock over more than three decades. While the LIHTC-funded units cover about 5% of the estimated housing inventory, they play a crucial role in providing affordable options in a city experiencing rising median incomes. The continued development of LIHTC projects, even amidst slight population decline, underscores the ongoing importance of affordable housing initiatives in Akron.