The LIHTC-funded housing inventory in Upper Albany offers a range of unit types. Of the 100 total units, there are 17 one-bedroom units, 4 two-bedroom units, 12 three-bedroom units, and 19 four-bedroom units. This distribution accommodates various household sizes and needs within the community.

Over the past decade, Upper Albany has experienced demographic shifts. The population decreased from 7,125 in 2015 to 6,619 in 2022, a decline of about 7%. Despite this population decrease, the median income increased from $25,618 in 2015 to $32,299 in 2022, a rise of approximately 26%.

Regarding racial distribution, the neighborhood has maintained a predominantly Black population, though with a decrease from 76% in 2015 to 71% in 2022. The Hispanic population increased from 18% to 22% during the same period. These demographic changes may influence future affordable housing needs and development in the area.

No new LIHTC projects have been built in Upper Albany since 1999. This could be due to various factors, including changes in funding priorities, shifts in housing policies, or alterations in the neighborhood's socioeconomic landscape.

Upper Albany's LIHTC-funded affordable housing inventory provides 100 low-income units to the community. These units, developed between 1987 and 1999, offer housing options from one to four bedrooms. While the current LIHTC inventory represents about 3.94% of the estimated housing stock, other affordable housing programs may supplement this inventory.

The neighborhood has experienced a population decline and an increase in median income over the past decade, along with shifts in racial composition. These demographic changes may influence future affordable housing needs and development strategies in Upper Albany. Ongoing assessment of housing needs and potential for new affordable housing developments will be crucial to ensure adequate housing options for all residents.