Zip code 11581, located in Valley Stream, New York, has a population of 22,187 as of 2022. This zip code contains one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project, which provides 39 units, including 29 designated as low-income units. The LIHTC-funded affordable housing represents approximately 0.46% of the total housing inventory, based on an estimated 8,501 housing units in the zip code.

The LIHTC project in zip code 11581 received $624,130 in tax credits, with an average of $16,003 per unit. This funding constitutes 0.03% of New York state's total LIHTC allocation. The project, named Brooke Pointe At Valley Stream, was completed in 2017, marking the introduction of LIHTC-funded affordable housing in this area. The unit distribution consists of 19 one-bedroom units and 2 two-bedroom units, indicating a focus on accommodating smaller households or individuals.

Zip code 11581 has experienced significant demographic changes over the past decade. The population increased from 20,660 in 2013 to 22,187 in 2022, a growth of 7.4%. Median income also rose from $112,833 in 2013 to $121,156 in 2022, suggesting overall economic growth in the area. Racial diversity has increased substantially during this period. The white population decreased from 51% in 2013 to 40% in 2022, while other racial groups saw increases. The Asian population grew from 12% to 17%, the Black population from 13% to 18%, and the Hispanic population from 16% to 17%. The proportion of residents identifying as two or more races increased from 1% to 6%.