Over the past decade, zip code 90240 has experienced demographic shifts. The population has remained relatively stable, with a slight decrease from 25,734 in 2015 to 24,934 in 2022. Median income has shown an overall increasing trend, rising from $95,853 in 2015 to $98,417 in 2022, with some fluctuations in between.

Regarding racial distribution, the Hispanic population has remained the majority, consistently representing around 70-73% of the population. The Asian population has slightly increased from 7% in 2015 to 8% in 2022, while the White population has decreased from 19% to 16% during the same period. The Black population has shown a small increase from 2% to 4%.

Despite these demographic changes, there have not been any new LIHTC projects in the last decade. This could be due to various factors, including the relatively high median income in the area, which might indicate less need for additional affordable housing units.

Zip code 90240 in Downey, California, has a single LIHTC funded affordable housing project, Birchcrest Apartments, which has been providing low-income housing options since 2001. While the project only covers a small percentage of the estimated housing inventory, it offers a mix of unit sizes to accommodate different household needs. The area has experienced slight demographic shifts over the past decade, including an increase in median income and minor changes in racial distribution. Despite these changes, no new LIHTC projects have been developed in recent years, possibly due to the area's relatively high median income.