Over the past decade, Coal City has experienced some demographic shifts. The population has decreased from 7,377 in 2015 to 6,922 in 2022. Despite this decline, the median income has shown an overall upward trend, rising from $78,206 in 2015 to $80,759 in 2022, with some fluctuations in between.

Racial demographics have remained relatively stable, with the white population consistently representing over 90% of the total. There has been a slight increase in Hispanic representation, growing from 4% in 2015 to 6% in 2022.

The lack of new LIHTC projects in the last decade may be attributed to the rising median income and relatively stable population, suggesting that the existing affordable housing stock might be meeting current needs. However, it is important to note that other affordable housing programs not covered in this analysis may also be contributing to the city's housing landscape.

Coal City's LIHTC-funded affordable housing, while modest in scale, has been a consistent presence since 1992. The single project, Country Place Apartments, provides 24 low-income units, primarily catering to small households. Despite demographic changes, including a slight population decrease and income growth, the LIHTC housing stock has remained unchanged over the past decade. This analysis provides insight into one aspect of Coal City's affordable housing landscape, though a comprehensive understanding would require consideration of additional housing programs and local economic factors.