The LIHTC-funded housing stock in Lebanon primarily consists of one-bedroom (96 units) and two-bedroom (93 units) apartments, with a smaller number of three-bedroom units (20). This distribution suggests a focus on accommodating smaller households and families.

Tower Village, completed in 2018, is a notable project that specifically targets the handicapped population. This development addresses the unique housing needs of individuals with disabilities, likely offering accessible design features and supportive services.

Lebanon's population has remained relatively stable over the past decade, with slight fluctuations. The median income has gradually increased from $39,842 in 2013 to $49,225 in 2022. This trend may indicate a growing need for affordable housing options as the cost of living potentially rises.

The racial composition of Lebanon has remained predominantly white, with a slight increase in diversity over the years. The Hispanic population has grown from 1% in 2013 to 3% in 2022, while the percentage of residents identifying as two or more races has doubled from 2% to 4%. This gradual diversification could influence future affordable housing needs and designs to ensure cultural inclusivity.

Lebanon's LIHTC-funded affordable housing inventory represents a small but significant portion of the city's housing stock. The program has consistently contributed to affordable housing development over nearly three decades, with a focus on one and two-bedroom units. The recent project targeting the handicapped population demonstrates an effort to address specific community needs. While the city's demographics have remained relatively stable, the gradual increase in median income and slight diversification of the population may influence future affordable housing strategies in Lebanon.