Bay View has undergone demographic changes over the past decade. The population decreased from 17,615 in 2015 to 16,620 in 2022. Despite this decline, the median income increased from $58,404 in 2015 to $72,416 in 2022, suggesting a trend towards higher-income households in the neighborhood.

The racial distribution in Bay View has remained relatively stable, with a predominantly white population (79% in 2022). However, there has been a slight increase in diversity, with small increases in the Asian, Black, and multi-racial populations over the past decade.

The completion of Hide House Lofts in 2010 predates these demographic shifts, indicating it was constructed in response to earlier housing needs. The absence of additional LIHTC projects in the last decade may be related to the rising median income and relatively stable racial composition of the neighborhood.

Bay View's LIHTC-funded affordable housing inventory consists solely of Hide House Lofts, completed in 2010. This project provides 60 total units, with 14 designated as low-income units, accounting for less than 1% of the estimated housing inventory. The project received substantial federal funding, averaging $19,007 per unit. While the neighborhood has experienced a slight population decrease and significant median income increase over the past decade, the racial composition has remained relatively stable. These demographic trends may have influenced the lack of additional LIHTC projects in recent years, although other factors and housing programs not captured in this data could also affect affordable housing needs in Bay View.