Over the past decade, Bay Ridge has experienced some demographic shifts. The population has remained relatively stable, with a slight increase from 76,720 in 2019 to 80,755 in 2022. Median income has also seen growth, rising from $80,908 in 2019 to $80,898 in 2022, with a peak of $87,273 in 2021.

Racial demographics have shown gradual changes. The white population has decreased slightly from 61% in 2019 to 58% in 2022, while the Hispanic population has increased from 19% to 21% during the same period. The Asian population has remained stable at around 15%, and the Black population has slightly increased from 2% to 3%.

Despite these demographic shifts, there have been no new LIHTC projects in Bay Ridge over the last decade. This could be due to various factors, including limited available land for development, changes in local housing policies, or potentially a focus on other affordable housing initiatives not captured in the LIHTC data.

Bay Ridge's LIHTC-funded affordable housing inventory is characterized by a single project completed in 2007, providing 61 units primarily designed for smaller households. While this project contributes to the neighborhood's affordable housing stock, it represents a small percentage of the estimated total housing units. The neighborhood has experienced modest demographic changes over the past decade, including slight increases in population and median income, as well as gradual shifts in racial composition. Despite these changes, there have been no new LIHTC developments in recent years, suggesting that other factors may be influencing affordable housing development in the area.