Hillsboro has experienced steady population growth over the past decade, increasing from 7,909 in 2013 to 9,137 in 2022. The median income has also risen, from $62,910 in 2013 to $73,952 in 2022. This growth in population and income may indicate a potential need for additional affordable housing options.

The racial composition of Hillsboro has remained relatively stable, with the white population consistently comprising 94-96% of residents. There has been a slight increase in diversity, with small increases in Black, Hispanic, and multi-racial populations. This demographic stability suggests that the existing LIHTC projects continue to serve the community's needs, though the growing population may warrant consideration of future affordable housing developments.

Hillsboro's LIHTC-funded affordable housing inventory has been a consistent presence in the community for over two decades. The two projects provide a total of 40 low-income units, offering a mix of one-, two-, and three-bedroom apartments. No new LIHTC projects have been developed since 2002, despite the city's population and income growth over the past decade. As the city continues to grow, monitoring the demand for affordable housing may be necessary to ensure that the needs of low-income residents are adequately met.