The 2000s saw the most affordable housing activity, with three projects completed during this decade: Porter House Apts (2004), Beloit Center (2006), and Crown Homes of Beloit (2012). Regarding unit types, the LIHTC-funded projects in Beloit consist of 11 one-bedroom units and 4 two-bedroom units. This distribution suggests a focus on smaller household sizes in the affordable housing inventory.

Over the past decade, Beloit's population has shown a declining trend, decreasing from 3,913 in 2018 to 3,117 in 2022. The median income has also decreased slightly, from $47,514 in 2018 to $46,768 in 2022. The racial composition of Beloit has remained predominantly white, with a slight decrease from 95% in 2018 to 93% in 2022. There has been a small increase in the Hispanic population, rising from 2% in 2018 to 5% in 2022. The city has also seen a slight increase in residents identifying as two or more races, from 1% in 2018 to 2% in 2022.

No new LIHTC projects have been built in Beloit since 2012. The declining population and relatively stable median income might suggest a reduced demand for new affordable housing projects in recent years.

Beloit's LIHTC-funded affordable housing inventory represents a small but significant portion of the city's housing stock. The city has received over $600,000 in tax credits, supporting 15 low-income units across approximately 4 projects. The development of these projects spanned from 1998 to 2012, with the most activity occurring in the 2000s. The housing units are primarily one and two-bedroom apartments, catering to smaller households. While the city's population and median income have slightly declined in recent years, there has been a small increase in racial diversity, particularly in the Hispanic population. These demographic shifts may influence future affordable housing needs and development in Beloit.