The Central Business District of Waterbury, Connecticut, contains a small LIHTC-funded affordable housing inventory of 9 units, all designated as low-income. This represents approximately 1.25% of the neighborhood's estimated 718 housing units as of 2022. The LIHTC program has supported affordable housing in this area since 1989, with the completion of the 30-32 Cooke Street project. The most recent project, Cherry Street Heights, was completed in 1995, marking a six-year period of LIHTC development activity in the neighborhood.

The 1990s saw the most LIHTC development activity in this area, with both identified projects completed during this decade. Cherry Street Heights, the larger project, contributes 6 units to the affordable housing inventory, including 2 three-bedroom and 4 four-bedroom units. This project's inclusion of larger units indicates a focus on accommodating families within the affordable housing stock.

Over the past decade, the Central Business District has experienced demographic shifts. The population has fluctuated, increasing from 1,551 in 2015 to 2,054 in 2020, then decreasing to 1,875 in 2022. The median income has shown a general upward trend, rising from $11,220 in 2015 to $12,888 in 2022. Racial demographics have also changed, with the Hispanic population remaining the largest group but decreasing from 50% in 2017 to 41% in 2022. The Black population increased from 18% to 27% during the same period, while the White population decreased from 25% to 21%.