Over the past decade, Brookfield has experienced a slight population decline, from 5,070 in 2013 to 4,912 in 2022. The median income has generally increased from $41,243 in 2013 to $48,977 in 2022, with some fluctuations. The racial composition of the city has remained relatively stable, with the white population consistently representing over 90% of the total. There has been a slight increase in diversity, with small increases in the Hispanic, Asian, and Black populations.

Despite these demographic changes, no new LIHTC projects have been developed in the last decade. This lack of development could be attributed to various factors, including the relatively stable population and the existing affordable housing stock meeting current needs.

Brookfield's affordable housing landscape is characterized by a single LIHTC project, Brookfield Village, which provides 56 low-income units. While this project covers only a small percentage of the city's estimated housing stock, it has been a consistent source of affordable housing since 2005. The city's demographic trends show a slight population decline and modest income growth, which may have influenced the lack of new LIHTC developments in recent years. The racial composition remains predominantly white, with small increases in diversity. These factors collectively indicate a city with a stable, if limited, affordable housing inventory through the LIHTC program.