The project offers a mix of unit types, with 43 one-bedroom units, 23 two-bedroom units, and 14 three-bedroom units. This distribution indicates a focus on accommodating various household sizes, from individuals to small families.

Over the past decade, Hyde Park has experienced significant demographic changes. The population has grown from 8,370 in 2015 to 10,928 in 2022, representing a 30.6% increase. This population growth may have contributed to the need for additional affordable housing options, leading to the development of Village At Hyde Park in 2019.

Median income in the neighborhood has shown a declining trend, decreasing from $42,475 in 2015 to $34,501 in 2022. This reduction in median income could indicate an increasing need for affordable housing options in the area.

Racial demographics have also shifted over the past decade. The Black population has remained the majority, increasing slightly from 51% in 2015 to 55% in 2022. The White population has decreased from 37% to 29% during the same period. The Hispanic population has remained relatively stable, fluctuating between 3% and 9% over the years.

Hyde Park's affordable housing landscape is characterized by a single LIHTC-funded project, Village At Hyde Park, completed in 2019. This development provides 80 affordable units, including 8 low-income units, representing about 1.91% of the estimated housing inventory in the neighborhood. The project received significant federal funding, averaging $22,250 per unit.

The neighborhood has experienced notable demographic changes over the past decade, including population growth, declining median income, and slight shifts in racial composition. These factors may have influenced the decision to develop LIHTC-funded affordable housing in the area. As Hyde Park continues to evolve, ongoing monitoring of housing needs and demographic trends will be crucial for addressing the community's affordable housing requirements.