The Garfield Senior Housing Program accounts for all 36 units in the LIHTC-funded inventory, with 35 of those units designated as low-income. Detailed information on unit types is not available for this project.

Over the past decade, the population in zip code 07026 has grown from 30,572 in 2013 to 32,234 in 2022, an increase of about 5.4%. During this same period, the median income rose from $54,283 in 2013 to $68,959 in 2022, representing a 27% increase.

The racial composition of the zip code has seen shifts. The Hispanic population increased from 34% in 2013 to 40% in 2022, while the white population decreased from 57% to 51%. The Asian population increased from 1% to 3%, and the Black population remained relatively stable at around 3-5%.

These demographic changes, particularly the increase in median income, may suggest a changing economic landscape in the zip code. However, the growth in population and the significant Hispanic community might indicate an ongoing need for affordable housing options.

Zip code 07026 in Garfield, New Jersey, has a modest LIHTC-funded affordable housing inventory, comprising 36 units or about 0.29% of the estimated housing stock. The area received $284,269 in LIHTC funding, averaging $7,896 per unit. All LIHTC projects in this zip code were completed in 2012, indicating a decade-long presence of this program. Despite population growth and significant income increases over the past decade, the changing demographic composition, particularly the growth in the Hispanic population, may suggest a continued need for affordable housing options in this area.