The neighborhood's LIHTC-funded housing stock offers a variety of unit types. Of the 694 total units, 237 are one-bedroom apartments, 425 are two-bedroom units, and 32 are three-bedroom homes. This distribution accommodates various household sizes and needs within the community.

Michael Way has undergone demographic changes over the past decade. The population increased from 56,335 in 2014 to 58,585 in 2022, indicating a modest rise in housing demand. Median income also increased from $44,254 in 2014 to $49,391 in 2022, potentially affecting the need for affordable housing.

Racial demographics have shifted as well. The Hispanic population increased from 41% in 2014 to 48% in 2022, while the white population decreased from 37% to 27%. The black population remained relatively stable, decreasing slightly from 16% to 15%. These changes may influence the diverse housing needs of the community.

Despite these demographic changes, no new LIHTC projects have been completed in Michael Way since 2008. This could be attributed to various factors, including land availability, changes in local housing policies, or shifts in funding priorities.

Michael Way's LIHTC-funded affordable housing inventory represents a small portion of the neighborhood's estimated housing stock. The area has three LIHTC projects completed between 1999 and 2008, providing a mix of unit types to serve different household sizes. While the neighborhood has experienced population growth and demographic changes in the past decade, no new LIHTC projects have been developed during this time. This analysis demonstrates the complex relationship between affordable housing development, demographic trends, and community needs in Michael Way.