The affordable housing inventory in Almaden Valley consists primarily of one-bedroom (118 units), two-bedroom (85 units), and three-bedroom (70 units) apartments. This distribution suggests a focus on accommodating various household sizes, from individuals to small families.

Over the past decade, Almaden Valley has experienced relatively stable population growth, increasing from 56,827 in 2013 to 56,874 in 2022. The median income has risen from $153,447 in 2013 to $171,835 in 2022, indicating a growing affluence in the neighborhood.

Racial demographics have shifted somewhat, with the Asian population increasing from 24% in 2013 to 32% in 2022, while the White population decreased from 58% to 49% during the same period. The Hispanic population has remained relatively stable at around 11%.

The lack of new LIHTC projects in the last decade may be attributed to the neighborhood's rising median income and changing demographics, potentially reducing the perceived need for additional affordable housing units.

Almaden Valley's LIHTC-funded affordable housing inventory represents a small portion of the overall housing stock. The neighborhood saw significant affordable housing development in the 1990s, with a mix of unit types to accommodate diverse household sizes. The area has experienced rising incomes and demographic shifts over the past decade, which may have influenced the lack of recent LIHTC developments. This analysis provides insight into the affordable housing landscape in Almaden Valley, highlighting the historical contribution of the LIHTC program to the neighborhood's housing diversity.