The city's involvement with LIHTC-funded housing spans from 2001 to 2007, with Pachett Crossing being the first project and Montgomery Manor the most recent. This six-year period marks the presence of affordable housing in Montgomery. The 2000s were the decade with the most affordable housing projects completed in the city.

The LIHTC inventory in Montgomery predominantly consists of one-bedroom units, with 108 such units out of the total 111. There are also 3 two-bedroom units, providing some options for slightly larger households.

Over the past decade, Montgomery has experienced demographic shifts. The population peaked in 2018 at 4,537 residents but has since declined to 3,808 in 2022. Despite this population decrease, the median income has shown a general upward trend, reaching $105,370 in 2022 from $85,520 in 2013.

Racial demographics have also shifted significantly. The white population has decreased from 82% in 2013 to 61% in 2022, while the Hispanic population has increased from 12% to 28% during the same period. The Black population has also seen an increase from 4% to 10%.

These demographic changes, particularly the rising median income, may partly explain why no new LIHTC projects have been initiated in the last decade. However, the growing diversity and recent population decline could potentially signal a need for reassessment of affordable housing requirements in the future.

Montgomery's LIHTC-funded affordable housing inventory covers about 7.6% of the estimated total housing stock. The city has received nearly $1 million in tax credits, supporting 111 units across two projects. The housing stock is primarily composed of one-bedroom units, suggesting a focus on smaller households or individuals. Despite no new LIHTC projects in the last decade, demographic shifts including income growth, population decline, and increasing diversity may influence future affordable housing needs in Montgomery.