The LIHTC funded housing in Prospect Heights offers a range of unit types. Of the 807 total units, there are 152 efficiencies, 365 one-bedroom units, 188 two-bedroom units, and 50 three-bedroom units. This distribution indicates accommodation for various household sizes, with an emphasis on smaller households.

Over the past decade, Prospect Heights has undergone significant demographic changes. The population increased from 18,543 in 2013 to 21,467 in 2022, a growth of about 15.8%. During this period, the median income increased from $104,898 in 2013 to $130,854 in 2022, representing a 24.7% rise.

The racial distribution in the neighborhood has also changed. The proportion of white residents increased from 52% in 2013 to 58% in 2022, while the percentage of Black residents decreased from 24% to 17% over the same period. The Asian and Hispanic populations remained relatively stable, ranging from 7-8% and 10-12% respectively.

The completion of four LIHTC projects in 2017 coincides with a period of population growth and rising median income in the neighborhood. This suggests that the affordable housing developments may have been a response to the increasing housing needs of a growing population and potentially to mitigate the effects of rising housing costs in an area experiencing economic growth.

Prospect Heights has a substantial LIHTC funded affordable housing inventory, covering nearly 10% of the estimated housing units. The neighborhood has received significant investment through the LIHTC program, with multiple projects completed over the years, particularly in 2017. The affordable housing stock provides a range of unit types, catering to diverse household sizes. The demographic trends over the past decade, including population growth and rising median income, provide context for the development of these affordable housing projects. This analysis demonstrates the role of LIHTC in contributing to the affordable housing needs of this evolving Brooklyn neighborhood.