Over the past decade, the population in zip code 13135 has shown a declining trend, decreasing from 6,591 in 2015 to 5,806 in 2022. Despite this population decrease, the median income has risen from $62,584 in 2015 to $70,878 in 2022, indicating an overall improvement in economic conditions for residents. The racial composition of the zip code has remained relatively stable, with a predominantly white population (93% in 2022). There has been a slight increase in diversity, with small increases in the Asian population and those identifying as two or more races.

The lack of new LIHTC projects in the last decade could be related to the declining population and increasing median income, which may have reduced the perceived need for additional affordable housing units. Zip code 13135 in Phoenix, New York, has a modest LIHTC-funded affordable housing inventory, representing about 3.87% of the estimated total housing units. The three LIHTC projects, all completed in the 1990s, provide 86 low-income units, primarily consisting of one-bedroom and two-bedroom apartments.

The population decrease over the past decade, coupled with increased median income, potentially influenced the lack of new LIHTC developments in recent years. The stable racial composition and improving economic indicators suggest a community that has seen some positive changes, though the full spectrum of affordable housing needs may require consideration of additional factors and programs beyond LIHTC.