Over the past decade, Imlay City's population has remained relatively stable, with only minor fluctuations. The median income has shown an upward trend, increasing from $44,294 in 2013 to $58,349 in 2022, representing a growth of about 31.7% over this period.

The racial composition of Imlay City has undergone significant changes in recent years. The Hispanic population has grown substantially, from 25% in 2013 to 44% in 2022. Conversely, the white population has decreased from 71% to 52% during the same period. This shift in demographics could potentially influence future affordable housing needs and planning in the city.

Despite these demographic changes, no new LIHTC projects have been developed in Imlay City since 1999. This could be due to various factors, including the rising median income, which might have reduced the perceived need for additional affordable housing units.

Imlay City's LIHTC-funded affordable housing inventory, established in 1999, represents a small portion of the city's estimated housing stock. The existing projects focus on smaller unit sizes, primarily one-bedroom apartments. While the city has experienced significant demographic shifts, particularly in its racial composition, and a notable increase in median income over the past decade, these changes have not yet translated into new LIHTC developments. As the city continues to evolve, ongoing assessment of affordable housing needs will be crucial to ensure adequate housing options for all residents.