The 2010s witnessed the most significant development of affordable housing in Chelsea. Notable projects from this decade include 316 Eleventh Ave Apts (2010), Chelsea and 260 West 26th Street (both in 2011), Elliot Chelsea (2012), and 529 West 29th Street (2014).

Chelsea's LIHTC-funded housing stock offers a range of unit types. The inventory includes 273 efficiencies, 1,215 one-bedroom units, 655 two-bedroom units, 118 three-bedroom units, and 43 four-bedroom units. This distribution accommodates various household sizes and needs within the affordable housing sector.

Over the past decade, Chelsea has experienced population fluctuations, with a peak of 56,109 residents in 2015 and a recent count of 51,820 in 2022. The median income has shown variability, reaching $134,253 in 2021 before decreasing to $118,104 in 2022. This recent decrease in median income may indicate an increased need for affordable housing options.

Racial demographics have remained relatively stable, with the white population consistently representing the majority (62-64% over the past decade). There has been a slight increase in the Hispanic population, from 15% in 2013 to 18% in 2022, and a small decrease in the Asian population from 13% to 10% over the same period.

Chelsea's LIHTC-funded affordable housing inventory represents a significant portion of the neighborhood's estimated housing stock. The long-term presence of affordable housing projects, spanning over two decades, demonstrates a sustained effort to provide housing options for lower-income residents. The diverse range of unit types suggests an attempt to accommodate various household sizes and needs. Recent demographic trends, particularly the decrease in median income, may indicate an ongoing or potentially increasing need for affordable housing options in the neighborhood.