Hastings, Nebraska, has implemented Low-Income Housing Tax Credit (LIHTC) funded affordable housing over the past 25 years. The city's LIHTC inventory comprises 414 total units, with 310 designated as low-income units. This represents approximately 4% of Hastings' estimated 10,420 housing units. The city has received $4,414,448 in project tax credits through the LIHTC program, distributed across approximately 13 projects. This allocation averages $339,573 in federal funding per project and $10,663 per unit. Notably, Hastings accounts for 3.74% of Nebraska's total LIHTC funding allocation.

The development of affordable housing in Hastings spans from 1995, with the earliest projects being Cottages of Hastings and Regency Heights, to 2020, marked by the completion of Osborne View Estates. The 2010s were particularly active, with five projects completed during this decade. The LIHTC-funded housing in Hastings offers a diverse range of accommodations, including 106 one-bedroom units, 73 two-bedroom units, and 70 three-bedroom units, addressing various family sizes and needs. A notable project is Eastside Estates, completed in 2017, which specifically caters to individuals with special needs, demonstrating the city's effort to address diverse housing requirements within the community.

Hastings has experienced minimal population change over the past decade, with a slight decrease from 27,392 in 2019 to 27,197 in 2022. Despite this, the median income has shown a positive trend, increasing from $56,620 in 2019 to $62,578 in 2022. This rise in median income may indicate a growing need for affordable housing options for lower-income residents. Racial demographics have remained relatively stable, with a slight decrease in the white population from 85% in 2019 to 82% in 2022, and a small increase in the Hispanic population from 12% to 13% during the same period. This gradual diversification could potentially influence future affordable housing needs and planning.