One significant project is the Palace Hotel, completed in 2011, which targets a special needs population. This 14-unit development, with 13 low-income units, likely provides specialized services or accommodations to meet the specific requirements of its residents.

Over the past decade, the East Side neighborhood has undergone demographic changes. The population has fluctuated, reaching a peak of 16,134 in 2015 and settling at 14,162 in 2022. Median income has demonstrated an overall upward trend, increasing from $44,617 in 2013 to $53,806 in 2022, with some variations in between.

Racial demographics have also evolved. The Hispanic population, while remaining the largest group, has decreased from 47% in 2013 to 44% in 2022. The Asian population has experienced a slight increase from 10% to 12%, while the Black population has grown from 11% to 14%. The White population has remained relatively stable, shifting from 28% to 27% over the same period.

These demographic changes, particularly the increase in median income, may have influenced the absence of new LIHTC developments in recent years. However, the persistent diversity and the presence of lower-income residents suggest an ongoing need for affordable housing options.

The East Side neighborhood of Long Beach presents a compact but significant LIHTC-funded affordable housing inventory, with 60 units serving low-income residents. The focus on efficiency units and the inclusion of a special needs project demonstrate efforts to address specific housing needs within the community. While the LIHTC-funded units represent a small portion of the estimated housing stock, they play an important role in providing affordable options in an area that has experienced rising incomes but maintains a diverse population. The lack of recent LIHTC developments, despite demographic shifts, suggests that continued assessment of affordable housing needs in this neighborhood may be necessary.