Cambridge has experienced population fluctuations over the past decade, with an overall growth trend from 1,254 in 2013 to 1,507 in 2022. The median income has increased significantly, rising from $41,233 in 2013 to $59,968 in 2022. This growth in median income may indicate a reduced need for additional affordable housing in recent years.

The racial composition of Cambridge has remained relatively stable, with a predominantly white population. However, there has been a slight increase in diversity, with the Hispanic population growing from 1% in 2013 to 7% in 2022. This demographic shift, although small, may warrant consideration for future affordable housing needs.

Cambridge's LIHTC funded affordable housing inventory, while modest, has been a consistent presence since 2001. The South Ridge Apartments project provides 16 low-income units, covering approximately 2.77% of the city's estimated housing stock. Despite population growth and increasing median income over the past decade, the city has not seen new LIHTC projects. The slight increase in racial diversity, particularly in the Hispanic population, may be a factor to consider in future affordable housing planning. The LIHTC program has made a small but steady contribution to Cambridge's affordable housing landscape.