The LIHTC funded housing stock in Marion consists of 45 one-bedroom units, 42 two-bedroom units, and 18 three-bedroom units. This distribution indicates a focus on smaller households and families.

Over the past decade, Marion's population has remained relatively stable, with a slight decrease from 20,886 in 2015 to 19,915 in 2022. During this period, the median income has increased from $35,609 in 2015 to $49,105 in 2022, suggesting improving economic conditions for residents.

The racial composition of Marion has remained largely consistent, with a predominantly white population (around 79-81% throughout the decade). There has been a slight increase in the Hispanic population, growing from 8% in 2015 to 11% in 2022. The Asian population has also seen a small increase from 0% to 2% during this period.

No new LIHTC projects have been built in Marion since 2006. This could be due to the relatively stable population and increasing median income, potentially indicating a reduced need for additional low-income housing units in recent years.

Marion's LIHTC funded affordable housing inventory provides 114 low-income units to the community. The city has received over half a million dollars in tax credits for these projects, which were developed between 1997 and 2006. The housing stock primarily consists of one and two-bedroom units, catering to smaller households. While the population has remained stable over the past decade, the increasing median income and lack of recent LIHTC projects suggest changing housing needs in the community. Other affordable housing programs may be contributing to the city's overall affordable housing inventory beyond the LIHTC-funded units analyzed here.