Bristol's LIHTC-funded housing stock comprises 8 one-bedroom units, 44 two-bedroom units, and 46 three-bedroom units. This distribution suggests a focus on accommodating families and larger households.

Bristol's population has remained relatively stable over the past decade, with a slight increase from 40,995 in 2015 to 41,528 in 2022. The median income has risen from $44,292 in 2015 to $50,104 in 2022, indicating improving economic conditions for some residents.

Racial demographics have maintained consistency, with the white population constituting the majority at 92% in 2022. A slight increase in diversity is evident, with the Hispanic population growing from 1% in 2015 to 3% in 2022, and the percentage of residents identifying as two or more races increasing from 1% to 3% during the same period.

The stable population and increasing median income may suggest a reduced demand for new LIHTC projects in recent years. However, the rising income levels could also indicate a growing affordability gap for lower-income residents, potentially creating a need for more affordable housing options.

Bristol's LIHTC-funded affordable housing inventory provides 98 low-income units to the community. The city has received over $1.3 million in tax credits, demonstrating a commitment to affordable housing development. The housing stock offers diverse unit sizes, catering to various household compositions. While demographic trends show stability in population and improvements in median income, the potential for an affordability gap suggests ongoing attention to affordable housing needs may be warranted.