Edgewater has experienced demographic changes over the past decade. The population increased from 11,345 in 2014 to 12,347 in 2022. Median income rose from $56,506 in 2014 to $68,125 in 2022, indicating improved economic conditions.

The racial distribution in Edgewater has remained relatively stable. The white population decreased slightly from 52% in 2014 to 49% in 2022, while the Asian population increased from 5% to 9%. The Hispanic population decreased from 31% to 27%, and the Black population remained steady at 7-9%.

Despite demographic changes, no new LIHTC projects have been developed in Edgewater since 1993. This may be due to factors such as land availability, changing housing policies, or shifts in neighborhood development priorities.

Edgewater's LIHTC-funded affordable housing inventory has been a consistent presence for nearly 30 years. The Ridge Manor Apartments project provides 76 low-income units, primarily one-bedroom apartments. Demographic trends show increasing population and rising median income, while racial composition has remained relatively stable. The absence of new LIHTC developments in recent years, despite demographic shifts, suggests other factors may influence affordable housing development in the area. Further research into local housing policies and development patterns could provide additional insight into Edgewater's current affordable housing situation.