The LIHTC-funded housing stock in zip code 47909 consists primarily of one and two-bedroom units, with 56 one-bedroom and 84 two-bedroom units. There are also 25 three-bedroom units, providing options for larger families. This distribution suggests a focus on accommodating diverse household sizes within the affordable housing inventory.

Over the past decade, zip code 47909 has experienced steady population growth, increasing from 40,596 in 2013 to 43,402 in 2022. During this period, the median income fluctuated but showed an overall upward trend, rising from $61,413 in 2013 to $67,065 in 2022.

The racial composition of zip code 47909 has remained relatively stable, with a slight decrease in the white population from 81% in 2013 to 75% in 2022. There has been a small increase in racial diversity, with modest growth in the Black, Hispanic, and Asian populations. The Hispanic population, in particular, grew from 10% to 13% during this period.

The completion of the Copper Gate Apts project in 2014 aligns with the period of population growth and increasing median income, suggesting a response to the growing need for affordable housing in the area.

Zip code 47909 in Indiana has a modest LIHTC-funded affordable housing inventory, representing about 1.06% of the estimated total housing stock. The area has seen consistent investment in affordable housing over more than two decades, with projects tailored to various household sizes. While the LIHTC-funded units contribute to addressing affordable housing needs, they represent a small portion of the overall housing market in this growing and economically evolving zip code. The demographic trends, including population growth and increasing median income, suggest an ongoing need for affordable housing options in this area.